I assert that Bitcoin will rise sharply this year.
Why do I have this opinion? Contrary to the wave of FUD (fear, uncertainty, doubt) spreading in the community, I see this as a positive sign for the future of the cryptocurrency market.
Based on Elon Musk's statement:
"If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto."
The implication here is that if we find a way to reduce dollar inflation and increase its value, then the value of all goods and services, not just cryptocurrencies, will decrease. Imagine if 1 dollar could buy a mansion or a supercar, then it wouldn't be surprising that 1 dollar could also buy a lot of Bitcoin.
So is there any solution to reduce dollar inflation?
Short answer: No, and that will never happen.
The new administration under Trump will continue to print money to maintain economic activity, spending on defense, security, and addressing social welfare. This inevitably leads to inflation.
With these factors, I believe that Bitcoin has the potential for strong growth in the near future. 🌟📈