At the time I wrote this post, the price of Bitcoin was at $26,873.29 and today the price is $45,133.61. though it the market is know for it's volatility but in real sense Bitcoin is heading somewhere. rumors have it that Bitcoin ETF will be approved this week and if that happens, the price will keep appreciating in value. It's never too late to start investing and accumulating more Bitcoin. And aside that the bull run is just by the corner meaning we'll be experiencing two set of bulls this year.
If you see bitcoin from its price point alone, then it is not the right metric to say it is the future of currencies. The decentralization is the key and the actual reason for bitcoin became successful, we don't know what will be the status of bitcoin 50 years later from now but if it becomes the preferred mode of payment then price can't be the only reason and one point it will reach its threshold value even as per the demand and supply law.
There is so much hype on the market due to the ETF approval speculation, but I am sensing the negative vibe for some reason so be prepared if there is a correction.
