Hi. Thanks for your comment and the follow. Bitcoin market or crypto market in general?
Bitcoin still continues to be a "store of value" even though its tech is obsolete...in terms of price, I think we will retest the previous high of 20K and probably go beyond it. How much? Not sure...maybe 25K, maybe 30K...after that there will probably be another major correction. When will this happen....well, my optimistic self thinks that we will start to see the bull trend return as we get closer to the summer. Somewhere between the end of April until June...this is also when things "wake up" in general. A lot of coins have releases on their road maps...more investors start to get interested in the space...so personally, I think we are to expect another bull run in a matter of a few months, which will be followed by another "crash" and then possibly another bull run at the end of this year. All in all, I am fairly confident we will pass the 1 Trillion total market cap sometime this year. There is of course a chance that we will enter a prolonged bear period...but with the amount of attention crypto gets this year, it is very hard to believe there won't be a LOT of new money pouring into the market. So these are my 2 cents on the subject...but I am not a financial advisor. Just an investor, like you.
Hi. Thanks for your comment and the follow. Bitcoin market or crypto market in general?
Bitcoin still continues to be a "store of value" even though its tech is obsolete...in terms of price, I think we will retest the previous high of 20K and probably go beyond it. How much? Not sure...maybe 25K, maybe 30K...after that there will probably be another major correction. When will this happen....well, my optimistic self thinks that we will start to see the bull trend return as we get closer to the summer. Somewhere between the end of April until June...this is also when things "wake up" in general. A lot of coins have releases on their road maps...more investors start to get interested in the space...so personally, I think we are to expect another bull run in a matter of a few months, which will be followed by another "crash" and then possibly another bull run at the end of this year. All in all, I am fairly confident we will pass the 1 Trillion total market cap sometime this year. There is of course a chance that we will enter a prolonged bear period...but with the amount of attention crypto gets this year, it is very hard to believe there won't be a LOT of new money pouring into the market. So these are my 2 cents on the subject...but I am not a financial advisor. Just an investor, like you.