The world is changing and it's doing that right before our eyes. The past couple of years has impacted humanity in such a way that the past few decades couldn't match it.
The digitization and tokenization of everything is no longer a question of if, but rather when. Bitcoin, as many are claiming, is the second most disruptive piece of technology after the internet itself.
Price-wise BTC is currently in a bear market ranging between $28,500 and $32,000 for quite a while. It might take a couple of years before it manages to revisit its past ATHs, but I bet it will surely do that.
Probably even before its 2024 halving, which is less than two years away. Some crypto heads see it touching $1 million by the end of July 2024, as in the pic from above, but I personally doubt that.
Don't get me wrong, I believe that at some point BTC will indeed be a $1 million dollars asset in a class of its own and soaring inflation will play an important role in this regard, but I personally don't see BTC that high during this decade.
My take is that Bitcoin will continue appreciating in price in quite an exponential manner, but I would see these bubbling phases applying more to the whole spectrum of cryptocurrencies rather than just for BTC.
I believe that the exponential growth of blockchain technology is going to be heavily impacted by projects like Hive, Splinterlands, Axi Infinity, STEPN, BSC, and so on... However, during the past 24 hours correction BTC seems to be holding pretty well in comparison to ETH for example.
What's your take, by the way, on when BTC could reach one million dollars?
Thanks for your attention,
Adrian