What BTC has generated in just over 11 years from its inception to today is something that keeps many cryptocurrency enthusiasts excited, has naysayers baffled, and begins to woo skeptics.
This latest uptrend seems to smash all the theories that suggest that BTC is a big bubble that will soon deflate and will end its allure; Apparently some of these people or institutions that support this theory could be backtracking.
Bitcoin detractors.
Among the most famous detractors of BTC we will find names such as Donald Trump, Bill Gates, Mark Cuban, Warren Buffet, Steve Forbes among others, who have shown an iron stance against the world's main cryptocurrency.
Even so, Bitcoin is breaking into force among traditional investors, casting doubt on such opposition to some of these institutions, such is the case BlackRock, the largest fund manager in the world who, according to this RT report, makes its position more flexible in relation to cryptocurrencies and opens up to Bitcoin.
"The world's largest asset management company, BlackRock, will allow two of its funds to bet for the first time on the value of the main cryptocurrency, bitcoin. Thus, this Wall Street giant, which manages 8.7 trillion dollars, he has changed the investment rules for some of his fund managers. "
"The move marks a turning point in BlackRock policy, whose chief executive, Larry Fink, stated in 2018 that the company's clients were not interested in cryptocurrencies."
The strength of Bitcoin
Where does the strength of BTC lie?... For some, what makes Bitcoin unique is decentralization, an asset that gives you financial freedom is very attractive to many investors and although many look at price volatility, that does not seem to be the case. a great mitigation against the large gains that Bitcoin can leave.
The current strength of Bitcoin appears to be in its price. The vertiginous rise of Bitcoin in recent months seems to "loosen" the toughest positions against it and appear attractive to some skeptical investors of the cryptoasset.
The future of Bitcoin.
Year after year, Bitcoin does not loosen, on the contrary, it becomes more established as the most attractive asset for investors, so much so that some consider that in the coming years it will displace gold to take its place, a statement that remains to be seen but anything could happen .
The truth of all is that if Bitcoin year after year exceeds its all-time highs, what can we expect in approximately 5 years after the next Halving. What price levels will BTC reach?
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STOPThere is no doubt that BTC never ceases to amaze, especially its detractors. The important thing is that more and more institutions are accepting it and incorporating it as an asset, in another five years we do not know what place it will have but it will definitely have become part of many more areas of the economy.
Hello @fucho80
BTC these last few months has surprised most, even those of us who believe in cryptocurrencies.
I.don't.want.to.imagine how much more is coming now, once institutional money has started to come in. It may go back down in price at some point, it's normal, there are always pullbacks. But you have to be patient.
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