Share the post from last August after the crash that was posted in the Moments! Looking back, that was the best bottom! Many of those people chose to cut losses and wait for lower prices. The reason for sharing this view is that I had some arguments with many influencers at that time. For example, after last year's crash, I insisted on being bullish and identified ORDI, PePe, WLD, AAVE, CETUS, and other coins.
It is clear that at the end of November last year, Bitcoin was priced at $15,450 each. Nine months later, today, the price of one Bitcoin is basically stable between $25,000 and $32,000. With the world's largest asset management giant BlackRock and numerous Wall Street capitals gathering to apply for a Bitcoin ETF, it is possible that within the next 12 months, the value of one Bitcoin may soar to over $100,000. Bitcoin may transition from a virtual currency to a digital gold, similar to gold itself. In our lifetime, we may not see a Bitcoin worth $1 million, but we will definitely see a Bitcoin worth $500,000. The market value of Bitcoin at $500 billion is indeed low compared to traditional financial giants like BlackRock and Fidelity, which manage assets in the hundreds of trillions of dollars. The gathering of Wall Street capital to apply for a Bitcoin ETF has a 90% chance of being approved. Once approved, according to the traditional investment characteristics of institutions, about 3% of funds will flow into the crypto market, expanding the scale of Bitcoin by 5 to 10 times. Additionally, with the implementation of regulations and the progress of the Industrial 4.0 revolution, virtual currency is likely to grow into a super giant second only to the US stock market in the next twenty years. Investing in real estate is far inferior to investing in Bitcoin, which is something we have seen with our own eyes over the past decade. What is the bottom for Bitcoin? Now is the best bottom; it is beginning to be accepted by traditional capital and is starting to prompt politicians to discuss and finalize regulatory details. This is the best bottom. Its risk has decreased to the lowest level, and many tech companies in Silicon Valley are now considering Bitcoin as part of their asset allocation. This is also a point where everyone should put an end to the past blockchain scams, accept it, and embrace it. It will definitely yield higher returns than buying a house or investing in funds.
I hope everyone does not fall into excessive FUD and FOMO.
