[Edited out]
I can't stress on this enough, the recent hike in bitcoin price will be low compared to what's to come. Bitcoin was $10 once and people believed it won't go any higher, today bitcoin has been able to break through the 100k threshold and given time it will go higher and history is bound to repeat itself as the same people who claimed bitcoin won't ever make it past 10k and has seen it hit 100k will still see it go higher even up to 200k and higher.
This is great overview about possibilities on what's going to happen in future
https://www.globalxetfs.com/the-bitcoin-halving-a-recurring-decimation-of-supply/Bitcoin has limited supply and imagine if more global demands would come into it then somehow we can expect for major growth will happen. That's why I always believe of the potential of Bitcoin and this current recognition made by the government is just a great step for more possible evolution that will happen in future. So current price is actually not expensive as we though especially if we consider about what possible things would happen in future. That's why I love to accumulate then let's see what's coming around with us with Bitcoin in futuer.
Certainly, the market is volatile and unpredictable so no one can give an exact estimate of how the price will change, but everything happening around the world, around bitcoin all point to one undeniable truth:
the price of bitcoin will increase in the near future once the demand outweighs the supply, so what any smart person should do right now is to accumulate as much of it as possible.
[Edited out]
Many who have invested and held Bitcoin may be feeling a little uneasy at the moment, especially those who invested at high prices due to the market decline, and their holdings are currently at a loss
If they want to invest at a current price, i.e. using the DCA method, then investing at the right time right now and investing at the average price will definitely result in a much higher profit if the market corrects later. Again, for those who have not invested at all, it is the right time to invest, and if you have enough dollars, then keep investing.
[/quote]