FUD ,good description!

When it comes to the government, I think there is no need for a government to support Bitcoin because the issuance mechanism of Bitcoin is in opposition to the government. As a government, to manage its own country well, it must have the right to issue currency. It governs the country and the people through the right to issue currency. If they support Bitcoin, it is definitely contrary to their will of governance.

Then from my point of view, it is impossible for the government to support Bitcoin. Even if they ostensibly support Bitcoin, they must be cracking down on it secretly. After all, as a government agency, there is no need to stab itself in the back or support something that will threaten its own rule.

So I think behaviors like the German government selling Bitcoin will occur frequently in the future. Maybe the US government and the British government will continuously follow up to sell and suppress Bitcoin so as to make the Bitcoin circle unable to survive. For example, miners cannot survive. A large number of investors suffer losses, and Bitcoin is completely reduced to a tool for speculation and gambling instead of a real world currency.

I think you must have been in this forum for a long time, so your judgment is rather radical and full of subjectivity.

Maybe you are full of imagination about the foundation or future of Bitcoin, but we cannot deny the possibility that it might break down in the middle.

Considering the halving of miners to 3.125. The halving of miners' income!  It will put pressure on miners and cause problems with computing power. At this time, the security of the Bitcoin network will also be questioned.

The exit of small miners will cause the mining industry to become more centralized , which will also lead decentralized Bitcoin to become a centralized product . And a 51% attack is likely to occur more easily, which will endanger the entire Bitcoins ecosystem.


So nothing is absolute and cannot be generalized. What I'm discussing is just whether it can reach 60,000 in 2024. Maybe it will go downhill in the rest of 2024 and directly drop to 20,000, 30,000 or even 10,000.

I feel that you've covered all the possibilities, which is equivalent to saying nothing. Among the three options you gave, I can choose any one of them. Is there a fourth option in this lovely world? So your answer has no value at all. However, I still thank you for your reply. This also shows that everyone here is quite concerned about the trend of Bitcoin which is perfect.

Although in the long term, Bitcoin will rise to a very high level, and its starting point is good because it represents freedom and fairness. However, when the current price reaches fifty or sixty thousand, we will find that its price is too high. Well, it's not that I'm against Bitcoin rising to 100,000. I just mean that Bitcoin may first fall to 20,000 or 30,000 and then rise to 100,000. So for an investor, getting off now may not necessarily be a wrong choice for 2024.

Do you think Bitcoin will still rise above 60,000 this year, that is, in 2024? Or is it the case this year and then will continue to go down?