Bitcoin is a very volatile process. No one can accurately say whether the price it is going to be at today will be the same price tomorrow. No matter how close a friend I am at work, I don't tell anyone to invest in Bitcoin. If the price they bought it at today drops tomorrow, they will think I cheated them. I cheated them out of their money. In that case, I will fail to convince them that if they hold it for a long time, its price will increase much, much more.
Bitcoin price is experiencing a noticeable decline in its performance as the end of 2024 approaches, after it had been in a continuous recovery since early last November.
Factors contributing to Bitcoin’s current decline are mounting, including expectations of a slowdown in the pace of interest rate cuts by the US Federal Reserve in 2025. This slowdown has had a significant impact on the cryptocurrency market, as it has dampened speculation that had been sparked by US President-elect Donald Trump’s promise to ease regulatory restrictions on cryptocurrencies. Trump has also expressed his support for the idea of creating a “national Bitcoin reserve,” reflecting the growing optimism in the cryptocurrency market.