The recent dip in the price of Bitcoin have left so many investors feeling tensed and worried but there are still strong reasons to stay positive about it's future and below are my few concluded reasons
Market Cycles Are Normal
As always, Bitcoin have moved in cycles, with unusual corrections followed by radical and significant rallies. Major dips usually sets the stage for bull run and the current dip I think should be considered as one of those moments.
Growing Governmental and Institutional interests
Recently, we've experienced huge investments into the Bitcoin market from two powerful governments of the world namely USA and Brazil. If the government of the USA which controls the largest economy of the world can buy reserves, it'll definitely attract other top national governments to also do same so it's expected that in the nearest future, the influence that comes with the presence of these governments will cause a high surge in the prize of Bitcoin which will likely to see it reach a new ATH. Again, regardless of the short-term volatility, institutional investments have been on the rise. Renowned companies and firms are adopting Bitcoin, resulting to long-term stability and credibility to the mother coin.
Bitcoin Scarcity Remains Timeless
Bitcoin founder and creator Satoshi Nakamoto introduced 21 million units of bitcoin to the Bitcoin network to ensure it's scarcity so as demands grows over time, this fixed supply continues to remain a significant driver of value.
Regulatory Transparency Is Improving
The regulatory structures around the crypto space are gradually becoming clearer by the day. While regulations seem be discouraging to some people, they generally enabling environment for wider adoption and investor protection in Bitcoin and cryptocurrency in general.
Summarily, while the current dip can be challenging for existing investors and discouraging for intending investors, Bitcoiners have many exciting reasons to remain positive and confident in the asset's long-term potentials.
I wouldn't call this a dip because Bitcoin's price has been going up steadily without dumps. To be fair, I'm shocked that Bitcoin's price is 84K and not lower because the price started increasing from 24K and reached 109K.
We have lots of reasons to believe that Bitcoin's price will significantly grow. Besides the reasons mentioned in this thread, there is a high chance that Amazon and eBay will accept Bitcoin payments in the near future. There is also a chance that many companies will follow MicroStrategy's plan and heavily start investing in Bitcoin. Bitcoin will become a reserve currency for countries and the richest companies, so the current dip is nothing to worry about. There will come a time when 1 Bitcoin will be worth 1 million dollars.