Almost exactly a year ago, the Bitcoin price was $30,534 on the 27th of June 2023. This was a year ago and at the time, this was a pretty impressive price because Bitcoin just hit $30k. A year from that time bitcoin is at $61, 423 (at the time of writing), that's a 100% increase in price and a 100% profit if you invested at the time.
A few months ago, we were celebrating Bitcoin at $40k, so how come now that Bitcoin is at $61k we're unimpressed? How is $60k looking ordinary when the previous ATH before this year was $69k?
I wouldn't say that we are unimpressed, but we have seen $73,000, a new all time high. We will be impressed if we will see the price going into $75,000-$80,000 by this time. And it didn't happen obviously as we are somewhat struck to $60,000 when there are lot of people who are looking for a huge jump since we've we are months already from Bitcoin halving.
In conclusion, this post is for two sets of people;
Those who believe it's too late to invest in Bitcoin because you can clearly see how Bitcoin has grown in price in the past year.
Secondly, the post is mainly for those who believe Bitcoin is underperforming because it's not at all.
And that is the expectations and if we don't get to it, there could be set of people that are going to be disappointed. It could be a normal thing though, it's not that we will get everything, we could be frustrated and dismayed, but it could be good in the long run as we learn how to get along with it and accept.
