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Price increases and decreases are something that will continue to happen. I just want to say for my memory that the number of Bitcoin is 21 million. From 21 million, the circulating supply of Bitcoin is very close to 21 million. When the circulating supply of Bitcoin has reached 21 million, then Bitcoin will and the price can be imagined what it will be like.
I made a question for me to answer, why is the Bitcoin adoption rate increasing by various parties including President Trump saying the positive impact of Bitcoin for their currency.
If this can be a reminder for those who read, good luck to you.
I tend to say that the scarcity of bitcoin (only 21m) is something that could be a determining factor in its future potential. I don't care how much influence Trump has on the bitcoin market right now, eventually he will be replaced and someone else will take over. Bitcoin is a long term investment asset, bitcoin is also a means of payment, even if it is an alternative but the increasing adoption is proof that bitcoin is very interesting.
The scarcity of bitcoin can make us more optimistic about holding it longer. Adoption continues to grow and interest in bitcoin continues to grow, so I never really doubt the future of bitcoin, although asset diversification is still worth considering.
Now after more than 15 years no one have any doubt about future of Bitcoin because now things are already on another level which is bringing new highs instead of bringing any negativity or hype about this which works few years back and many were calling this as Ponzi or scam.
Recent adoption and growth of adoption is bringing more stability about this even still need time for having more positive impact, but now things are almost on level of anyone can jump into this on current price and took good profit in short and long both terms Trump already took advantage now he is doing his own tricks.
Bitcoin never need person or any authority it's by his own making ways and doing great things people's needs to understand few things which will surely help them for having better understanding and all development regarding this.