Is the latest Bitcoin bull run sustainable? Experts Opinion on the Future of Cryptocurrency

By tonyboss | Crypto NFTs and Tips | 26 Apr 2023

This past week was significant for bitcoin. First, bitcoin reached a new all-time high in Argentina. This serves as a timely reminder that many countries continue to devalue their currencies. And bitcoin is just as important there as it is in the United States and the rest of the Western world. Furthermore, we saw that Michael Sailor and MicroStrategy are no longer in the red when it comes to Bitcoin. I don't believe Michael Sailor and his company intended to sell their bitcoin.

However, it is still a positive sign because they can now defend their decision to the shareholders. And, hopefully, as the price rises, more and more corporations will realize that this may be one of the best value tools available to them. Furthermore, Bitcoin's dominance in the overall crypto market cap has increased. And it is now at its highest level since July 2021.

That's significant because it demonstrates that, despite being the world's oldest cryptocurrency, Bitcoin remains so. Furthermore, we learned that Coinbase will now integrate the lightning network. There are a few other exchanges that have done this in the past, but coin bits is by far the largest and the one that most American investors look at if they go ahead and integrate the light network. It is another data point, that piece of technology, and that network is gaining traction. Popularity. And I believe that many institutional investors will begin to look into it as well.

Of course, now. There are numerous factors at work here. But what about something like Bitcoin? A decentralized digital currency that does not rely on any single organization or government. It is the type of tool that people look to as an alternative. One of the things I'm particularly interested in right now is the rise of artificial intelligence. When you consider the overall theme, it's just automation.

Bitcoin is an automated central bank, and a lot of the AI tools that we're seeing launched are simply creating automated transactions or other types of automation in daily tasks. One of the things that I believe that will define the 21st century is that rise in automation. And so naturally, if we are going to have daily task automated away, it probably makes sense. If we're going to have the monetary policy become automated as well, keep paying attention. There's a lot of work still left to do. But Bitcoin showing positive signs again for another week in 2023.