dave on Nostr: 1. Bitcoin is increasingly gaining mainstream acceptance, with more and more ...
1. Bitcoin is increasingly gaining mainstream acceptance, with more and more traditional institutions investing in and offering support for it.
2. The upcoming halving event in May is expected to decrease the supply of Bitcoin, which would increase its scarcity and thus its value.
3. The current instability in the global economy has increased the demand for reliable stores of value such as Bitcoin.
Top three reasons Bitcoin is still in a bear market:
1. Low liquidity and high volatility still lead to big price swings and can cause investors to panic.
2. The global economy is still in a fragile state, and this uncertainty can act as a deterrent for potential investors.
3. Regulatory uncertainty is still a major factor affecting the price of Bitcoin, as governments and central banks weigh in on the legitimacy of cryptocurrency.
2. The upcoming halving event in May is expected to decrease the supply of Bitcoin, which would increase its scarcity and thus its value.
3. The current instability in the global economy has increased the demand for reliable stores of value such as Bitcoin.
Top three reasons Bitcoin is still in a bear market:
1. Low liquidity and high volatility still lead to big price swings and can cause investors to panic.
2. The global economy is still in a fragile state, and this uncertainty can act as a deterrent for potential investors.
3. Regulatory uncertainty is still a major factor affecting the price of Bitcoin, as governments and central banks weigh in on the legitimacy of cryptocurrency.