It was not long ago when bitcoin was at its all time high. It happened in the month of February when it crossed $58000. That was really like a dream for me. I have been reading number of articles where people were talking about how bitcoin can cross $20000 , $30000 and so on.
There is no doubt that bitcoin has been doing really amazing when it comes to its price. who would have thought that it will cross the price point of $50000 so early. And I think the reason is not Elon Musk but various big companies and countries giving positive response to bitcoin and blockchain.
But As all the currencies are performing really well people also have much more expectation then before. Bitcoin is above $54000 already and there is no reason why we should not think that it won't beat its all time high again.
We all have expectation and we wont be amazed now if bitcoin beats it all time high. I know there is a second side of the bitcoin where price might falls down too but looking at the response world of cryptos is getting , I really don't think that it will be happening anytime soon.
Price is not only dependent on traders but also various projects going on with that blockchain as well. The main thing is also adaption , if you have created anything and people starts to adapt that you will and your creation will be sucessfull.
Think about google search engine , if there was no adaption to that search engine it could not be this successful as it is today. People are using it all day many times and similarly if the things go like this with blockchain and crypto currencies as well then why can't they be successful.
I predict the bitcoin price to cross $60000 vey soon. I know I might be wrong but I am predicting it based on the performance done by bitcoin in last few months. based on how big companies and countries are treating bitcoin. there are so many things that make me think that bitcoin will cross the mark of $60000 soon.
Thats all for this post , I am not suggesting anyone to invest in the currency and it is upto the people reading my post to do what they want. I have just shared about my experience and thoughts with everyone.
Thank You