Analysis claims Bitcoin is a 'global bubble' that could soar to infinity
Wall Street analysts believe that Bitcoin's soaring trend is similar to the 'Tulip Bubble' of the 1630s in the Netherlands, with Bitcoin being traded globally 24/7, making it a 'global bubble'.
Despite the uncertain outlook for Bitcoin, the supply of 21 million Bitcoins is limited, with only 1.1 million left to mine. Wall Street believes this is an attractive buying factor for investors.
Analysts point out that under this momentum, Bitcoin could soar 'to the moon, Mars, infinity, and even beyond'.
Including former US President Trump promising to advocate for cryptocurrency-friendly policies if elected, global funds are flooding into Bitcoin, further driving the upward trend.
Analysts noted: 'In fact, it is a flying rocket heading towards infinity or even further. Bitcoin prices are rising. The company raises more funds to buy more Bitcoin, and Bitcoin prices continue to rise, even reaching infinity, and MicroStrategy's stock price is the same.'
However, analysts warn that if Bitcoin's price eventually stabilizes or declines, it could raise concerns about the sustainability of investing in Bitcoin.
#Marvin Musk's concept meme coin, the most favored among all dogs,
Each dog he mentions has a market value of at least 1 billion, so what about his favorite dog? The height is absolutely beyond imagination, currently valued at less than 10 million, with at least a hundred times potential for growth. Once this opportunity is gone, it won’t come back, don’t wait until you miss it to start regretting.
