Re: Before Bitcoin hits 1 000 000 usd, it falls below 10 000 usd
First reason: Bitcoin price is now clearly overvalued relative the level determined by its public acceptance rate (if 100% acceptance rate means ca one million usd, then nowadays acceptance rate is not clearly 10% but rather something around 1%).
Second reason: if the economic crises will emerge, then Bitcoin falls much more than major stock indexes (just as during corona crises March 2020).
Second reason: if the economic crises will emerge, then Bitcoin falls much more than major stock indexes (just as during corona crises March 2020).
Well, are you in directly predicting the price of bitcoin in the next bear season? I am quite confident seeing the ongoing adoption of Bitcoin globally that Bitcoin will hit a millionaire dollar, or if not, at least half a million dollar in the next bull market. but that does not mean that it will touch to 10,000$ before that time. Secondly, Bitcoin fell to around 16-17K in the last bear market, and that was the bottom, so how come Bitcoin will reach even below that price in the next bear market?
I think unless there is some real threat for bitcoin, there is no reason why bitcoin falls to these low levels
