The worst Bitcoin Market Crash is finally over & Analysts are hoping it will revive its previous position soon- offering exciting opportunities for investors in Bitcoin Trading. Bitcoin dipped below $20,000 several times in the summer of 2022, its lowest level since late 2020. Analysts are not expecting more Bitcoin Crash shortly. Maybe that’s the time to invest in Bitcoin. This article will feature insights from experts in the field who can provide valuable advice for those looking to get involved in Bitcoin trading.
- Analysts believe Bitcoin still has room to grow in the long term. One Analyst said that Bitcoin could be headed for a “flippening” event where it becomes more valuable than gold.
- “The cryptocurrency is seen as a way to preserve value during periods of high inflation,” said Katie Stockton, managing partner at Fairlead Strategies.
- Bitcoin could also benefit from more mainstream adoption. PayPal Holdings Inc (PYPL.O) said it would start allowing customers to use Bitcoin and other cryptocurrencies at its 26 million merchants worldwide.
Is this a “Great” Time to Trade in Bitcoin?
“Nobody has ever lost money investing in Bitcoin for four years.”– Analyst Micheal Saylor, CEO Micro-Strategy.
In his recent interview, Saylor elaborated his views about Bitcoins’ recent crash & its trading. According to him, Bitcoin is still in its early stages and will take time to develop. He further added bitcoin has the potential to become the world’s most powerful currency & it’s a great time to invest in it. Saylor also discussed his company’s decision to invest $250 Million in Bitcoin. He explained that they believe bitcoin is a good long-term investment because its secure, durable, portable and divisible. Bitcoin is also a hedge against inflation.
In the last five years, bitcoin has grown by 51% on average, according to MicroStrategy CEO. The past decade has seen a growth of 124%. As a result, it has outperformed NASDAQ and S&P 500 over the past two years. With hopes of continuing these current price appreciation trends, Saylor has officially purchased the dip. MicroStrategy purchased a further $10 Million worth of Bitcoin during the last week of June. Their bitcoin balance is now around $4 Billion.
Saylor sees the recent drop as a great opportunity to buy at a lower price. The investor believes that by investing now, he will increase his profitability years down the road when Bitcoin reaches its maximum value. He views everything through the lens of time preference. In Saylor’s opinion, Bitcoin is the best investment for long-term investors.
Bitcoin is still in the BULL Market- says PlanB (100trillionUSD)
PlanB, an institutional investor, believes Bitcoin is still in a bull market and will not fall to its average cost price soon. Bitcoin analyst, PlanB, took to Twitter to share his thoughts on Bitcoin’s current price action. He started by retweeting a chart that showed the correlation between Bitcoin and Gold. He then said that he believes Bitcoin is currently in a “bull market.” He thinks the current market cycle will be similar to 2013. He believes that Bitcoin will reach $500 per coin by late 2022. In another tweet, he discussed how Bitcoin’s market cap could potentially exceed Gold’s.
[So, how is the S2F model doing? Large deviation with BTC price, just like 2013 and 2017 (but now on the downside). Note that all indicators are currently at extreme values, 200WMA, RSI, Realized price etc. Waiting for the bounce.] –PlanB (@100trillionUSD)
PlanB Bitcoin Stock-to-Flow Model
Bitcoin is Insurance- Says Analysts Greg Foss
“Bitcoin is digital energy that preserves its value for use and consumption in the future” – Greg Foss.
Foss is a Bitcoin investor and analyst who has recently shared his thoughts on Bitcoin. He recently did a Podcast with Robert Breedlove, where he answered questions about Bitcoin and shared his insights on the current state of the cryptocurrency market. In one of his answers, Foss stated that Bitcoin is insurance against a failing financial system. He explained that Bitcoin is a way to opt out of the fiat currency system. Foss also believes that Bitcoin has extreme growth potential. He thinks Bitcoin could reach $100,000 per coin in the next five years. Bitcoin is a new and exciting asset class, and there are many opinions on its future.
Foss has 40 years of experience in the financial industry and has seen first-hand how the system is set up for those at the top to succeed while everyone else fails. He’s calling Bitcoin an insurance policy against this system. Bitcoin is a great store of value and has the potential to grow tremendously shortly. He thinks that Bitcoin will eventually replace gold as a store of value. The bitcoin market is still in its growth phase, and we are still in the “innovation phase.”
Bitcoin is a low-risk store of value asset. He thinks that the current volatility in the Bitcoin market is just noise and that the long-term prospects for Bitcoin are very bullish. Foss added, “Bitcoin will eventually become a global reserve currency”. He thinks that the current volatility in the Bitcoin market is just noise and that the long-term prospects for Bitcoin are very bullish. In addition, the Bitcoin network has more users and a larger market capitalisation, making it a much safer investment.
Future of Bitcoin Trading
Bitcoin investments are risky but beneficial at the moment. The idea of buying bitcoin at a low price and selling them when the market booms are making headlines these days. Despite bitcoin’s early popularity, investors and experts do not think it will fade away anytime soon. By the end of the next decade, all known brands will accept bitcoin as payment. Gucci’s luxury brand has already announced that it will accept cryptocurrency payments in some stores. It’s time for bitcoin to thrive!
There is a lot of excitement surrounding Bitcoin and its potential. Analysts and investors eagerly await what the future holds for this cryptocurrency. However, there is no doubt that Bitcoin has the potential to revolutionise the financial world. What are your thoughts on Bitcoin? Do you think it has the potential to become a global reserve currency? If you plan on investing in Bitcoin, make sure you do your research and understand the risks.