The Rise of Bitcoin

[Smartprofit]

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We recently received several information signals:

1) Iran plans to use bitcoins to circumvent sanctions

2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government

3) Russians will have to declare all their bitcoins by April 30, 2022.  

I made the following conclusion.

States view Bitcoin as a strategic resource amid the crisis in the global financial system.  This is why the price of Bitcoin is going up.  Large investment companies also want to become bitcoin holders.

In the next decade, to have power, you need to own bitcoin.

Those infos you have gathered are new . Your the first to list them here in this forum . The numbers 1 and 3 are both a positive news because they shows that these country use btc but the number 2 is a bad news because of that word confiscated . Why they do that when okex was a legal crypto exchange or did the exchange did something for thier coins to be confiscated ? Your conclusion shouldn't be fully positive because of that okex issue  but That was only confiscated and there is still a chance that they can return it if issues were sorted out .

Yes, it worries me. 

I ask myself the question - who will be the holder of bitcoins in the future?  Individuals?  Or will Bitcoin be exclusively owned by countries, mutual funds, and corporations?  In 1933, the US government confiscated gold from the population.  But is it harder to confiscate Bitcoin than gold?  The Bitcoin blockchain is transparent, all transactions in it are visible. 

As the price of Bitcoin rises, these threats also rise.

[illnino]

Well, I think that the current increase in the price of bitcoin is the effect of the halving. Well, I hope that I am right, and the speculation is, the price will pump in 2021 due to the halving effect as happened in previous years. well, if there is any other factor, it would be because people started investing in bitcoin again. I'm pretty sure the bitcoin price will continue to recover to close to $ 15k this year.

Great! I read these words and Bitcoin is going to touch 17 000 soon. Let us follow this 2020 BTC Bull Run. Who will give here the best prognosis about the best Bitcoin price in the nearest 2-3 months? Which one of us can foresee the real crypto growth...

[crossabdd]

It's like a cycle, in which bitcoin has left from bearish market. and make a new round, which is bullish. 2018 is the lowest level on the high end of the increase. and it will restart the increase. it might go as high as $ 20k- $ 30k. I don't really understand the reason. the only thing I understand is that bitcoin starts increasing after going down.