We are sailing through a dream year-end, or well I put it that way this if we take into account that we come from almost two years of downtrend and as we begin to observe a potential uptrend restart we get excited, more however, the Bitcoin price action rebound depends on many unpredictable factors.
Namely and in the words of Gustavo Godoy of Cointelegraph, "Many investors dream of getting rich with Bitcoin, which promises to revolutionize the financial world. But not everything is as easy as it seems. There are many factors that can influence the price of Bitcoin, both for better and for worse."
From my point of view, beyond any adverse scenario the Bitcoin has shown a maturity in its post upgrade cycles of its protocol or network, in this sense I think that external factors even if they indeed impact the normal development of the price action, will do little to stop the growth of the main cryptocurrency by market capitalization.
It is known that "every four years there is a Bitcoin halving, which is when the reward miners receive for creating new blocks is halved. This makes less Bitcoin available, and, therefore, its price can go up. But it can also happen that miners get discouraged and leave the network, which would make Bitcoin less secure and reliable."
According to Godoy's perspective, "it is possible that Bitcoin will reach its all-time high in 2024, but there is no certainty. Some analysts predict it could be worth as much as $250,000, but others say it could drop to zero. So, if you want to invest in Bitcoin, do so with caution and responsibility."
I would still like to hear your thoughts on what has been discussed here.
SOURCES CONSULTED
Cointelegraph. Will bitcoin reach all-time high in 2024?. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
