The adoption of bitcoin by institutional investors has just started, while gold has been adopted for a long time, so gold and bitcoin have a very good potential to be used as a store of value or investment because so far the movements of the two are almost the same, but with the development of blockchain technology, it is possible the future of many people who choose Bitcoin.
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I'm not really sure that this year the price of bitcoin will hit $ 100k because this year bitcoin has just hit a new ATH, so I think it will take a few more years for bitcoin to hit the $ 100k mark, although at the moment many technical analysts predict it will happening soon this year.
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Investing in bitcoin is basically one of the investments that is classified as high risk because the price is very volatile, but the risk depends on each of us according to what role we play, as for me if we already have extensive experience and knowledge I consider investing in bitcoin is the same as investing in general.
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I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.
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I firmly believe that no one in this community will believe such ridiculous statements, because so far we have seen that bitcoin has gone through various speculative deaths, but it has not really affected bitcoin price even now bitcoin is getting stronger and recently bitcoin has reached the New ATH.
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without bitcoin I am sure everyone will always be deceived by the banking system until now, because they can control our finances completely and they can also charge arbitrarily for reasons that do not make sense, so with cryptocurrency now the world is growing and everyone can use their finances freely.
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If we have a lot of experience and knowledge of course it will be very easy for us to make money with bitcoin because we can do everything with bitcoin, so for now I'm only doing day trading to make money with bitcoin because that's all. thing I can do.
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This of course will not be possible, because if the government eliminates the banking sector, automatically fiat currencies will no longer be produced, then of course there will be a massive economic crisis. They will collect taxes through the exchange of each transaction. Corruption is inevitable because it is inherent in human nature.
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In my opinion, bitcoin is a good coin to use as a long-term investment because with a limited supply it is possible that the price of bitcoin will be higher in the future, but I don't recommend it for you. If you really want to invest in bitcoin, of course you are ready if one day you have to lose everything, because the price of bitcoin is very volatile, so you have to be prepared for it.
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bitcoin has been going through difficult times so far, so I'm not sure bitcoin will die because of the government, isn't it that the government has long banned the use of bitcoin but until now the public doesn't really care about this statement, because they believe that bitcoin can change the future more bright.
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1 million is a very high price, in my opinion this is not impossible for bitcoin because bitcoin has a fantastic value, so to reach that high price of course it will take a very long time and on the other hand everyone must have at least 1% bitcoin to hold.
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indeed many people think that bitcoin is only an investment instrument because of its fluctuating price, but on the other hand they don't realize that lately bitcoin is also often used as a transaction tool and payment method. so in my opinion bitcoin can be used for anything depending on the needs of each of us.
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With the launch of vaccine 19, of course some people will start their activities as before, so in my opinion this will not have an impact on bitcoin even though currently bitcoin prices are going down, of course not because of the launch of vaccine 19 but bitcoin is undergoing a correction after reaching ATH recently.
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With the rapid development of bitcoin popularity, of course nowadays many large companies have started to adopt bitcoin because they strongly believe that accepting bitcoin payment methods can make it easier for companies to make transactions, especially in times of a pandemic like this, of course this is the right choice for them.
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for now doing money laundering with bitcoin is not as easy as you think because nowadays almost every cryptocurrency exchange requires its users to do KYC to prevent users from committing crimes, and on the other hand blockchain is also transparent so in my opinion this can make it easier to investigate illegal activity.
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With the current increase in bitcoin prices, of course we are not surprised if we hear a lot of negative news about bitcoin, of course this is already familiar to cryptocurrency users, so in my opinion for now we shouldn't be easily influenced by FUD. I firmly believe that they just want the market price to go down in order to make a lot of profit.
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This is a standard correction after bitcoin hit a new ATH this year, I think it's natural that the current bitcoin price fluctuates although it's not as aggressive as last year. So for now we cannot say that this is the end of bitcoin as currently bitcoin price is starting to slowly increase.
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satoshi created bitcoin in 2008 when at that time the world was experiencing a financial crisis, so in my opinion the main goal of bitcoin is to change the world economy, and with its increasing popularity, it's no wonder that nowadays almost everyone makes bitcoin an investment and other transaction asset.
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I don't think we need to find out about the identity of satoshi because it will be very complicated and will be a waste of time and if we talk about satoshi of course it will never end. so now we better say thank you because he is the only person who can change the world economy.
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if bitcoin is lost due to forgetting the password or private key then the right way is to surrender and hope for a miracle to come to us, because we know how bitcoin works is not the same as conventional currencies which can reset passwords whenever we want. As for the reduced supply, bitcoin prices will continue to set new records when there is a lot of demand.
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