The new outlook for the current market situation has seen some new economic and global assets emerge in the market. This has made this time more relevant. For example, holdings of microstrategies or unique public companies are increasing. Historically, the US state of Arizona has recognized Bitcoin as an asset. I think this will increase the legal status and acceptance of Bitcoin. I think that long-term holding will benefit from the opportunity to reduce the average price over time.
Do you think Bitcoin can reach $100k in the next six to twelve months?
The market price of Bitcoin is currently $109,000 and above. But yes, if all these big companies invest, the price of Bitcoin may increase. Because there are many people who do not do their own research, they rely on others. For example, if a big person or big company invests in a place, they also invest there. They think that these big companies are investing, it means that they are investing because they will benefit from it. But
It is never right to depend on anyone for investment. Always do your own research and then invest. Bitcoin is the best investment for investing in digital currency. If you invest by relying on someone, then you can get cheated in many cases, so always depend on yourself.