Quote from: retreat on Today at 12:39:15 PM

I believe that Bitcoin will make a new ATH this year, maybe $120,000 - $130,000 USD we can reach this year.

Is that target too modest? I believe bitcoin could hit $180,000 or lower $150,000 this cycle.

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That's because with the increasing instability of the global economy and many people choosing to invest in Bitcoin as a hedge or long-term investment, it will make market sentiment positive and it will lead us to a higher price. Moreover, if it is supported by positive news, such as the development of bitcoin in the US or other positive news, then it will not be difficult for Bitcoin to reach that price.

But I don't think increased economic uncertainty is good for bitcoin. That would only be true if bitcoin was a safe haven but with what is happening it is more of a speculative asset than a safe haven like gold. Speculative assets are more likely to be dumped in an uncertain economy.

Personally, I believe that it is time for the economy to recover and during periods of stability, speculative assets will benefit greatly, especially bitcoin. A relatively new investment with high profit potential will attract more money flow.