Bitcoin has risen to the USD 100k mark!
But how long will the BTC price remain there?
People are cheering!
But the price may fall at any time!
See how BTC performed in the last five years.
BTC got a dip during Dec 2022!
Can the BTC price go up monotonically?
One can't predict the price of BTC in the coming years.
People are investing in BTC.
So, BTC is growing up.
The fees per BTC transaction would also increase with the price rise.
What would the investors do with the rise of BTC?
The price of BTC and other cryptocurrencies will rise as long as there is demand.
That is a simple reason for the price rise.
What would happen if the titan investors cash out or swap BTC for other cryptocurrencies?
I will stop guessing here.
I am a technologist and not an investor.
I do not have enough wealth to invest, nor do I have a plan to spend money to buy BTC.
I am a keen watcher of how cryptocurrency technology improves or develops.
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About me
I am a researcher and contribute to the overlapping areas of STEAM (Science, Technology, Engineering, Arts, and Mathematics). I am an active user and promoter of GNU/Linux, free and open-source software. I develop cybersecurity and information security solutions, specifically graphical authentication security.
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Friday, Dec 06, 2024
