The price of bitcoin has returned above $9,000 for the first time since March, having risen by more than a third in value over the last two weeks.
Do you think this is a good sign?
It is always a good thing to see the price going up, but the most important thing is how long does it takes, it is possible that we see the price rising very sharply from now on but I will not consider that a good signal, we will be just seeing other bubble, what I want to see is the price to go up in a slow but sustained manner these will mean that the adoption of bitcoin is growing and that not everything is a speculation.
Yeah, it is for sure a very good thing and from the look of things, we should expect some pretty good ones in the future but at the same time without throwing out the fact that bitcoin is full of surprises which can obviously be in both ways as the case may be. The bullish sentiment thought is more than the bearish sentiment, so let's see how things we will be turning out in a short while but hopefully and like you said, we get to see some sustained movement.