I think it takes a year or two year for Bitcoin to explode, in this zone it is an accumulation zone, and it takes a long time for that to be finished,
the whales wants to buy Bitcoin at cheap prices, remember that
Theres no precise or significant time on when Bitcoin gonna explode.Well we do able to see or based up on the history then we can surely tell but doesnt
mean that it would reflect on what would happen into the future but somewhat we do make presumptions which is usual into this kind of market
and lets see on what would happen next.
blockchain is really the technology of the future, and I don’t have any doubts that Bitcoin will have very great prospects in the future. and I am sure of the correctness of the words of Dan Morehead, which states that Bitcoin will destroy a lot of industries in the future and will instead perform the functions of cross-border transfers, electronic payments and other services that are used by the business and each person individually. but an important factor in his statement is the fact that the digital Chinese yuan will rise to the level with Bitcoin and that there will be only 10 or 15 cryptocurrencies that will really be in demand in society before that time.
1-5 crypto would be preferable and we dont really need thousands of them yet they do do still the same concept or in short where most coins or projects
now are using the same platform.Im optimistic towards crypto and blockchain tech but its still hard to believe when we do talk about replacing those traditional
things which is almost impossible.