Hi everyone.
We can all agree that the starting of this year 2023 has been extremely good for Bitcoin and a few other Cryptocurrencies unlike last year 2022 that Bitcoin had an epileptic run and was literally struggling, making lots of people think twice about still choosing Bitcoin as their choice of investment.
I remember being in a Facebook group where people were debating if Bitcoin would ever recover or if that was in fact the end of the world biggest Cryptocurrency Bitcoin. Inasmuch as I've witnessed similar events in the past years where Bitcoin walked down this same path I still couldn't help but have the thought "WHAT IF"
What if this is actually the end of Bitcoin?
What if I'm making the wrong choice still investing in Bitcoin?
What if this, what if that...
And honestly the Negative Vibes and tension in the air weren't really helping at all, but it appears as we all see now that Bitcoin has indeed recovered and taking a good turn now.
So that brings me to the big question considering the current acceleration at which Bitcoin has attained.
What will happen by the end of the Year? of course it's just a few weeks before the year runs out. Will Bitcoin ever rise again in the bottom weeks of the year? Or, will it crash just like in 2022?
These are the big questions. I believe there's no way I'm the only one having these questions in my mind.
Despite the acceleration Bitcoin has taken, we cannot elude the fact that Bitcoin in the past few months has been under pressure due to the high level of inflation that's hit emerging economies such as the US and other countries.
And from what I learned the U.S. Federal Reserve has hiked the interest rates with a 25-basis point to tackle inflation issues.
Although this isn't the first time Bitcoin is experiencing this kind of pressure, it happens almost all the time.
So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?
This won't be the end of bitcoin; in fact, I don't think it will crash the way it did in 2022. The price of bitcoin has been rising this year, and in the last few days, it has shown a good signs of continuing to rise. Before the end of the year, I think the price of bitcoin will rise even higher. If you decide to invest in bitcoin, you don't have to pay attention to all of these negative things; you can follow your own opinion because you already understand how bitcoin works and the risks involved. You choose to take the risks that you have been considering for your future, no one can predict bitcoin's future, but anyone who make the correct investments at the appropriate moment shouldn't worry.
The price of bitcoin has been moving between $30k and $40k for the past month, as you can see. This year's situation was different from last year, and you should have expected the result and know how to maintain it. I believe the price of bitcoin will rise over this before the year end.
