Bitcoin Looking Good
Hi Friends,
Bitcoin is back above $9,000 and, with the upcoming halving, I think the next week or so might be the last chance to grab BTC under $10k. Here is the one month chart:
Bitcoin prices have certainly been on a rollercoaster over their history but the coin does seem to be stabilizing as it matures. I also believe that investment asset managers are starting to warm up to Bitcoin has a part of a balanced portfolio and custody advancements have certainly helped in that regard. Increasing demand and lower coins mined seem like a good formula for Bitcoin to head to $20k then $50k then beyond.
Altcoins are a different beast - there are so many projects out there that I think many will fall by the wayside while others catch fire and thrive.
Where do you think Bitcoin is headed?
Thanks for stopping by,
Brian
If bitcoin reaches values higher than $20,000 the governments will want their shares, creating taxes and more regulations.
Here in the US, we already have to pay taxes on our bitcoin gains!
Nowadays bitcoin is not getting good price. thanks for sharing
A temporary rush to get bitcoin may also come during these tough times, yet I doubt that it will reach the dizzy $20k heights that it once did.