RE: RE: The Bitcoin Monthly Chart
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RE: The Bitcoin Monthly Chart

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6y

In answer to your question, at first glance it looks totally crazy. No corrections of any kind practically since this bullish start. Truth be told it looks like just a bubble inflating hahaha.

But as you mentioned, this time it's different. There is distrust in fiat money due to the pandemic, and a growth in confidence in BTC and maybe Gold. And not only that, but the large number of millionaires and investment funds that are betting on bitcoin.

The truth is that perhaps the value of bitcoin at the moment is much higher than its real fair value. But it is also true that the value of something also increases because of its demand and use. As the network gets bigger and more people use it, more value it acquires.

Anyway, I personally think this is just the beginning of a bullish cycle in BTC and I think it will exceed $100K this year.

Best regards colleague! 📈💪