Do Not Worry, Bitcoin (BTC) is Not Going Down
Ever since the beginning of the cryptocurrency industry, Bitcoin (BTC) has remained at the forefront of the industry. No matter the ups and downs, Bitcoin (BTC) has managed to swim through all the troubles and accusations.
Throughout its development phase, Bitcoin (BTC) has been announced dead on more than 300 occasions. Despite several speculations and predictions about the downfall of Bitcoin (BTC), it has still managed to gain a lot of value to its price.
Although it had been extremely difficult for Bitcoin (BTC) to survive through the initial phases, it started gaining on the user base. With time, more and more investors started joining the Bitcoin (BTC) platform and started investing in it on the masses.
It was back in 2017 when Bitcoin (BTC) managed to gain the attention of the mainstream institutions. It was at that time when Bitcoin (BTC) reached its all-time high of $19k per BTC. That was the time when the platform started gaining a lot of investments and rally to its price.
In a matter of months, more and more investors started rallying up to Bitcoin (BTC) market and its prices went all the way up to $19k per BTC. After that, the prices of Bitcoin (BTC) plunged all the way down to $3k to $4k per BTC.
While many amateur investors thought that all was lost in Bitcoin (BTC) after the plunge, the experienced investors knew exactly what was happening.
Instead of selling their Bitcoin (BTC), many investors preferred to hold them in their wallets, waiting for the right time to cash them for hefty profits.
As time went by, Bitcoin (BTC) started showing gradual growth with respect to its price and then the year 2020. It was the year 2020 when Bitcoin (BTC) again started gaining on its price and capitalization. As the adoption in the cryptocurrency industry started to gain speed, the price for Bitcoin (BTC) also started surging.
And finally, towards the end of the year 2020, Bitcoin (BTC) was able to gain mainstream adoption. Financial institutions came running and started investing in Bitcoin (BTC) in masses. That is when Bitcoin (BTC) again hit its all-time high since 2017.
By January 10, 2021, Bitcoin (BTC) prices surged and went all the way up to hitting another all-time high of $41k per BTC before plunging all the way down to $30k and then rebounding at $35k per BTC.
Since then, Bitcoin (BTC) has been hovering above the $32k per BTC mark. After hovering around the $32k mark, BTC has again started showing an upward trend and at the time of publishing, it is hovering around $35k per BTC.
The majority of the analysts and trading experts have unanimously stated that BTC’s 2017 was the only occurrence and it will never be repeated.
Now that the platform has mainstream adoption and investments, it will continue to rise and by the end of the year 2021, it will be hitting the $100k per BTC mark.