Judging from the long period of time BTC has not accumulate any impression, I doubt if people are still investing because of many policies formulating against cryptosystem no industries and firm wants to risk their capital again. Would the system remains this way?
Normally I understand this wasn't the first time BTC has experience this down slide but then it was normally market situations but now many billionares has withdrew interest in this project, then what is the hope of this project? Do you think BTC will experience better and high price?
Bitcoin surely is going to rise again I mean in my opinion the market price of Bitcoin at the moment is a good price for potential profit in the future, I dont think any billionaires are going to have a problem investing in cryptocurrency or bitcoin at this moment because this is just a good opportunity actually the all-time high was around 70k$ and the price at the moment was just around 30k$. I mean there is always a risk involved in investing even though from a business's perspective there are as well risks involved that your businesses could possibly fail in the future. So the risk of investing in bitcoin and cryptocurrency is pretty common, especially for some experience investors, most of them just walk through the cycle of the market by low and sell high to earn a good amount of profit, These people are the ones who could HODL for the long term since they have a lot of liquidity and can easily compensate on their loses.
This kind of resistance is just child play for investors awe all believe that the bitcoin market price is going to skyrocket, especially since we're having a bitcoin halving event next year which could probably trigger the market price to skyrocket and reach an all-time high.