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?
Of course they have been some encouraging adoption of Bitcoin across strategic companies and firms, is a good one when I hear about the state of Arizona recognizing Bitcoin by creating a digital reserve system, but I think the reserve will basically do the bidding of the state by having unclaimed Bitcoin and other cryptocurrency asset that has not been claimed by any individual for number of years to be been pushed to state reserve. However at no point have i seen anywhere that is categorically stated that the state of Arizona will suppose purchase cryptocurrency particularly Bitcoin annually or quarterly with an assigned budgetary allocation for it for so and so period of time. So for me is more like a smoke screen by the state to inversely take possession of those assets. More so, you can do well to check the current price of Bitcoin as it is above 100k at the moment.