#BTC #GOLD The potential long-Term positive out look for Bitcoin and Gold

Analyst Lyn Alden shared a long term positive view on both the leading currency and gold, highlighting the potential financial challenges ahead and the optimism fueled by the price increase of Bitcoin |(BTC) in the cryptocurrency world. she particularly discussed the two-year growth perspective for bitcoin

Increases in Bitcoin Holders!

She claimed that bitcoin only needs a few small, decentralized bases in various jurisdictions to withstand such challenges and the it offers profit potential to those supporting these decentralized bases. This view is promising for bitcoin holders because

it suggest that the cryptocurrency can withstand regulatory pressures and ultimately benefit long term investors by becoming stronger. At the time of writing, Bitcoin is trading at $29,524.

The increase in the long/short ratio for Bitcoin indicated that long term holders were accumulating BTC. This behavior brings confidence in the future potential of cryptocurrencies to mind. The open position for for bitcoin also grew in parallel with the price increase. This reflect an increase in the number of outstanding contracts in the market