Many people are thinking that this is the final price for Bitcoin and that after this, BTC will crash again. However, they don’t realize that digital currency or Bitcoin is now becoming famous worldwide, and many people are getting involved in this market.
For your information, only 3% of the world's population is using or investing in crypto. Now, with such a small percentage of people investing, Bitcoin’s price has risen so high. Imagine if 20% of the world's population got involved in this technology, how high its price could go.
There is no doubt that Bitcoin's price will keep going up and down, and the bull and bear cycles will continue. But remember that the lower price level keeps increasing with every cycle.
An example is like this: Two cycles ago, Bitcoin’s low was $4K, where people thought it might drop to $1K. But that didn’t happen, and after reaching a new all-time high, its next low became $12K. In the next cycle, its low was $18K. And now, in this cycle, Bitcoin might not go below $35K.
This means investors are interested in this coin and don’t want to sell it again at lower prices. So, keep in mind that its price is unlikely to drop much now.
As people around the world slowly start investing, Bitcoin’s price could easily reach $1M, and the experts' predictions will prove true. Invest in Bitcoin now with a long-term mindset, as it could give you 10X profit in the future.
What do you people think about crypto technology, do you think its price can go to reach $1M in coming future? Will be glad to see your answers in the comment section.
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