Among all my cryptocurrency-loving friends, opinions on buying Bitcoin are divided. Audrey says that this is a great time to buy cheap cryptocurrency number one. And others are afraid of a further price drop, because Trump is introducing tariffs that act as a shock to the entire American economy.
Plus, there is a possible risk of a recession within a year. And all this is understandable - investors are withdrawing money because they are afraid of unpredictability, and they do not want to lose money. I am sure that most people did not expect Trump to have such an impact on cryptocurrencies. The growth was only based on expectations, and now they are not being met.
Skepticism is the main reason why some people steer away from Bitcoin. Part of this has to do with the fact that market prices are unstable (volatility) and not many merchants accept it as a payment method. We're still in the early days, so there's plenty of time for Bitcoin to grow. CBDCs aren't even a thing yet (even though a small number of countries launched their own). Once the whole world becomes "cashless", mainstream adoption for Bitcoin will skyrocket.
I'd expect BTC to sit within the "millions" (in USD) by the time this happens. If I were you, I'd start buying and "hodling" BTC now to prepare myself for the future. The earlier you start on Bitcoin, the better. The dream is to get rich with BTC, right?