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What do you think about Bitcoin dipping even further down? Yeah, that's not going to be a pretty picture at all but it's really not as alarming as it sounds.
I'm not saying that's exactly what's ahead of us because volatility and unpredictability is the very nature of Bitcoin and most crypto so no one knows for sure.
If it were to happen though, one thing you should take into account is that market moves like that aren’t just about numbers, they reflect deeper shifts in global finance. The price movements are not just some random fluctuation.
Central banks are already preparing themselves to add more money into the financial system making it easier and cheaper for people to borrow and invest.
When that happens, judging from investor behavior, they will invest money into riskier assets, like Bitcoin, stocks and other speculative investments, because they expect higher returns.
FYI, this isn’t just some speculation, it has actually happened in the past. When central banks increase liquidity, markets usually respond positively and Bitcoin has historically benefited from that situation.
We have also seen Gold surge in its price, hitting a record high of $3,087 and that probably made some of the Bitcoin believers a bit concerned.
We think of Bitcoin as the new digital gold and so we look forward to seeing Bitcoin perform better but for actual gold to be the thing doing well in these times is really not a good look for Bitcoin at all.
But let's be honest with ourselves, gold's rise has never and I doubt it'll ever make Bitcoin obsolete. If anything, it's proving to the market how investors behave. They look for safe havens when they see crypto dipping or the market plummeting.
If you're among those that question the Bitcoin digital gold narrative, I believe you've missed the point. Bitcoin isn’t just a hedge against inflation or economic turmoil, it’s a whole new financial system in its early stages. Seeing it as such will improve your financial decision making skills regarding crypto.
No matter what I say here, I can't change the obvious fact that investors are getting nervous about the market. Being nervous is not a good thing because it could literally lead to even more unpredictable price movements, increased selling and people hesitating to invest.
$93 million has recently flowed out of Bitcoin ETFs and people are getting concerned about a potential recession happening. The good news I bring to you is that these issues are actually short term and not a major threat to Bitcoin’s long term growth. Of course it'll screw the markets now, but not its future.
Remember this guys, corrections happen in markets. And corrections are good at shaking out weak hands but also setting the stage for stronger rallies.
I believe the real story is not whether Bitcoin bottoms at $65K or $77K or whatever K. It’s about how, despite everything, adoption keeps moving forward. 2025 is not the finish line. It’s just another building block for crypto's future.
This is my first blog on Bitsocial, after getting invited by a Hive veteran @shortsegments
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I'm here from six weeks into the future ... Bitcoin dropped to $74K and is now in the $94-98K bounce around ... but your reminder about all this being short-term is actually very important ... the march of adoption is the real story.