The Bitcoin Train You Can’t Miss in 2024
Even though Bitcoin is still gaining strength in preparation for the next move, it is arguably more likely that this move will result in additional upside gains. It is possible that being out of Bitcoin is a riskier position than being in Bitcoin, given that the impending price spike may promise to be the most prolific one yet.
More To Come From Bitcoin
There is a possibility that investors who are currently observing Bitcoin to board the next train before it departs are looking at the cryptocurrency. They may also be because the train left the station a very long time ago, at the beginning of 2023, and the ultimate destination might not be too far away.
Given Bitcoin’s price’s positive trajectory up to this point, it isn’t easy to hold anyone accountable for thinking this way. Nevertheless, if we are to believe the bull markets that have occurred in the past, we still have a few more legs to go until this bull run comes to an end in 2025.
There is much conjecture across social media platforms regarding the extent Bitcoin can go and the heights it can reach during the subsequent phase or two of its growth. Reputable analysts working in the cryptocurrency field are discussing a range of figures. While a smaller group of analysts advocate for even higher prices, most would probably agree that $100,000 is a conservative aim for Bitcoin. There is also a range of $150,000 to $250,000. Most figures are derived from Fibonacci sequences and are just large round numbers. Nobody has an idea about what’s going on. There is a widespread agreement that the price of bitcoin will continue to rise.
Why The Pessimists Are Wrong On Bitcoin
The tenacious pessimist may still be unsure of this. They may assert that Bitcoin has already achieved its peak, that we are gradually turning over, and that we are on the verge of entering a bear market before it is even time.
It is sufficient to look at the economic horror show currently taking place right before our eyes. The interest rates in the United States are already high enough to impact economic activity significantly. At the same time, inflation is making a comeback, and if interest rates are not maintained at their current level or even raised, inflation may spiral out of control once more.
When operating in this environment, the typical investor needs assets, and most of these assets must have the least amount of risk associated with third parties as practicable. This is because once the dominoes begin to fall, anything that is connected to the conventional monetary system has the potential to fall as well. Consequently, bitcoin and other ‘hard’ financial assets will likely draw a lot more value, as investors will likely seek refuge in something that cannot be printed into oblivion.
Bitcoin Is The Train To Be On
For the next year or so, at the very least, until it reaches the end of its bull market, bitcoin is the train that you should be riding. This benefit is approximately fifty percent, even if it only goes one hundred thousand dollars. Try to acquire that by cash, bonds, and other means. After that, the bitcoin bear market begins, which lasts roughly one year. Given the unstable economy, would it be in your best interest to keep some bitcoin in your possession during this time? It is likely.
Bitcoin, a cryptocurrency, is the future of digital value storage. Nothing in the entire history of money can compare to it. You must conduct your research on this topic to arrive at this conclusion. Given the unstable economic system under which we are currently imprisoned, it would be in your best interest to get this done as soon as possible.
