Don’t miss this Bitcoin train

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As a seasoned crypto investor with a few successful bull runs under my belt, I firmly believe that Bitcoin is far from reaching its peak and has more room to grow. The upcoming price surge could potentially be the most lucrative yet, making it riskier to be out of Bitcoin than in it.

Bitcoin continues to build momentum, strongly suggesting that its next direction will be an upward trend. It may be riskier to remain sidelined from this asset than to hold it, considering the potential for significant price growth in the near future.

More to come from bitcoin

For those investors yet to join the Bitcoin bandwagon, they may be considering entering the market before it gains significant momentum once again. On the other hand, they could believe that the Bitcoin train took off early in 2023 and that its final destination is close at hand.

As a crypto investor, I understand why it’s easy to get carried away by Bitcoin’s impressive price growth so far. However, based on historical data from past bull markets, we might still have a few more legs left before this current bull run comes to an end around 2025.

Across social media, there’s extensive debate about Bitcoin’s potential price increase in the upcoming growth phase. Analysts within the crypto community have proposed various targets, ranging from conservative to ambitious. Majority opinion suggests $100,000 as a likely goal, while some are more optimistic with estimates between $150,000 and $250,000. A smaller group of analysts even predict prices beyond these figures.

It’s unclear what the true answer is, as many estimates are derived from Fibonacci levels and arbitrary large numbers. However, a strong agreement exists among experts that Bitcoin’s price will continue to rise.

Why the pessimists are wrong on bitcoin

A persistent skeptic might nonetheless remain unconvinced. They could argue that bitcoin’s price has peaked and we are now on the downward trend, moving towards a bear market prematurely.

Why would they be wrong?

As a researcher, I cannot help but observe with concern the economic turmoil that lies before us. US interest rates have already reached levels high enough to significantly curb economic activity. Simultaneously, inflation is making its unwelcome return, and should rates fail to remain steady or, worse yet, rise further, inflation could once again spiral out of control.

In such an environment, the typical investor requires low-risk assets as a means of protection. The majority of these assets should ideally carry minimal exposure to external risks associated with the conventional financial system. This is due to the potential for widespread instability and subsequent impact on assets connected to it.

As a crypto investor, I believe that Bitcoin and other “hard” monetary assets will become increasingly valuable due to their scarcity. With traditional investments facing the risk of being devalued through inflationary printing, I find myself drawn to digital currencies that cannot be created at will.

Bitcoin is the train to be on

For the next year or so, until it reaches the end of its bull run, bitcoin serves as an excellent investment choice. Even if its price only hits $100,000, which is a 50% increase from the current level, that’s still a significant return compared to what you can get from cash or bonds.

As a crypto investor, I’ve experienced the bear markets in Bitcoin before. One lasted approximately a year. Despite the economic uncertainty, holding onto some Bitcoin during these tough times could potentially yield rewards when the market recovers.

As a curious researcher, I’ve come across an intriguing perspective: Bitcoin serves as the digital counterpart of value storage for the future. Its uniqueness surpasses any historical monetary precedent. However, to reach this conviction, it’s essential that you embark on your own exploration of this phenomenon. Considering the precarious state of our current economic infrastructure, initiating your research as soon as possible is advisable.

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2024-05-29 16:04