Bitcoin Bloody Year 2022 coming to End

[Crypto Library]

Yes it's true that 2022 is a bloody year for Bitcoin just like this picture. But this is not the only case. In the past, such a situation was also seen in 2018 in terms of the price of Bitcoin. However, Bitcoin was backed out of the service. So I think there will be bloody days like this but at the end of the day Bitcoin will stand its head high to the moon.
2021: China bans BTC mining. Bitcoin recovers in just 5 months.
2022-23: $32 billion exchange FTX collapses. Bitcoin recovers in just 2 months.
#Bitcoin is unstoppable ✊ source

[panganib999]

I think regardless of whether the year was bloody for bitcoin (Which it is), bitcoin is still deemed to recover due to its cyclical nature for profit. There's a plethora of reasons as to why this is the case but all of it is really pegged on the fact that bitcoin's total circulating supply is slashed midway (we call it the halving) every 4 years or something, which pumps the value of the coin drastically by means of scarcity. The next halving wouldn't happen til 2024 though, so as of now I am not really confident that bitcoin will rally upwards this year, unless something monumental were to happen.

[nullama]

I think regardless of whether the year was bloody for bitcoin (Which it is), bitcoin is still deemed to recover due to its cyclical nature for profit. There's a plethora of reasons as to why this is the case but all of it is really pegged on the fact that bitcoin's total circulating supply is slashed midway (we call it the halving) every 4 years or something, which pumps the value of the coin drastically by means of scarcity. The next halving wouldn't happen til 2024 though, so as of now I am not really confident that bitcoin will rally upwards this year, unless something monumental were to happen.

In 2024 there will be the halving as you mentioned, but also there's another event that will happen in 2025 and is not really being discussed too much.

The BIS (Central Bank of Central Banks basically), will allow central banks all around the world from 2025 to have up to 2% of their reserves in Bitcoin. Source: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

Now, that's an interesting thing. Because there will be a massive increase in demand, paired with the reduction of new coins being mined.

[Kaliandra]

I think regardless of whether the year was bloody for bitcoin (Which it is), bitcoin is still deemed to recover due to its cyclical nature for profit. There's a plethora of reasons as to why this is the case but all of it is really pegged on the fact that bitcoin's total circulating supply is slashed midway (we call it the halving) every 4 years or something, which pumps the value of the coin drastically by means of scarcity. The next halving wouldn't happen til 2024 though, so as of now I am not really confident that bitcoin will rally upwards this year, unless something monumental were to happen.

In 2024 there will be the halving as you mentioned, but also there's another event that will happen in 2025 and is not really being discussed too much.

The BIS (Central Bank of Central Banks basically), will allow central banks all around the world from 2025 to have up to 2% of their reserves in Bitcoin. Source: https://bitcoinmagazine.com/legal/bis-finalizes-bitcoin-bank-limits

Now, that's an interesting thing. Because there will be a massive increase in demand, paired with the reduction of new coins being mined.

yes, now it's August 2023 and I personally can't wait for the btc halving in 2024, and hopefully during the next BUL RUN the btc price will be higher than in 2021. indeed there is always a lot of drama going on in the world crypto but I see the btc price is still very good for now.I hope this year won't be a bloody year, and I hope that at the end of this year the price of BTC will up.