50 K is ON THE WAY
Now the number of institutional investors has increased. The number of companies owning Bitcoin has also grown. I speak For December 2023, it is seen as a critical moment for the crypto market as well as being an important turning point for the Crypto Market for this year. So, Will Bitcoin's 4 Year Market Cycle Continue or Change Again? It's just my feeling.
With the increasing number of adoptions, there should be a better value, but if we evaluate the market now, it's still volatile, as evidenced by the fact that only during the bull run does the market pump and become overvalued. If we want to see consistent growth, the bull market should not give us a massive increase, as that would only indicate pure manipulation.
Take a look at other coins that pumped during the last bull run, like DOGE; it only pumped because Elon Musk hyped it. However, look at what happened to the price now; it was not able to sustain its value, and some investors probably panicked and dumped their coins. This situation could also be related to bitcoin, as overall, the crypto market (bitcoin and altcoins) is subject to hype and becomes overvalued when the bull run comes and is not free from manipulation.