Until August 2022, Bitcoin was in an uptrend. Investors who bought in at any level and holding, were winning until that month. The macro trend line in the bigger picture which has been in place since the beginning of Bitcoin has been broken.
Even though there may be deviations from this trend line, in the long run, since it continues to trend upwards, I don't expect Bitcoin to ever be finished or removed from the financial world.
To explain this matter, this trendline has been growing exponentially, just like many other assets in the world, including money supply, house prices, world debt, and human population.
Therefore, if Bitcoin can sit inside this trend line again, I believe then we will see new all time highs.
This is not financial advice.
Even though there may be deviations from this trend line, in the long run, since it continues to trend upwards, I don't expect Bitcoin to ever be finished or removed from the financial world.
To explain this matter, this trendline has been growing exponentially, just like many other assets in the world, including money supply, house prices, world debt, and human population.
Therefore, if Bitcoin can sit inside this trend line again, I believe then we will see new all time highs.
This is not financial advice.