Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year; in late 2003, a new version of Bitcoin was released. Furthermore, the market is gradually improving and stabilising. By 2024, we expect a slow recovery from our Bitcoin downturn. In the near future, it will also bring us good news. Things will get better with time. Do you think Bitcoin will be superior by 2024? Please share your thoughts.
This year seems to be another big year for the crypto industry as we are expecting ETF approval and the halving event will have impact on the market price.
However, I don't think it will be superior this year that is too early to assume but if we talk about a price increase that is likely possible. Perhaps, this would be expected as the demand increases as well. Bitcoin has a futuristic view and potential but as we assess on its development, it takes several years to see its market superiority. However, this will become impossible with everyone's support --use as a payment option, active trades, and trust.