Bitcoin: Is it finally the right time to dip your toes
ambcrypto.comOver the last few years, Bitcoin has emerged as the face of cryptocurrencies among even individuals with /minimal knowledge about crypto. Ergo, Saylor describing Bitcoin as the American Dream raises the question of whether that dream will remain just a dream or become a reality someday.
In an interview with Bloomberg recently, Saylor expanded on how Bitcoin compares to real estate properties. In fact, he also touched upon how it is superior to gold in terms of investment. He said,
“If your property is not safe out of your country and it’s not safe in your country, where can you go? The answer is cyberspace. Bitcoin is the American dream.”
Alas, this dream extends beyond just this statement. The king coin hitting $100k was once a dream for investors, leading to the overall adoption of cryptos skyrocketing towards the end of 2021. This was born out of PlanB’s Stock to Flow model as it first pitched BTC at $135k by December end, then cut it down to $100k.
However, PlanB’s prediction failed to turn into reality. In fact, according to some estimates, this pushed the possibility of the same happening by approximately two years.
<p lang=«en» dir=«ltr» xml:lang=«en»>#BTC is 60% below S2F model value. Some think S2F is dead. Others know we have 2 more years to reach the $100K average. Your choice. pic.twitter.com/xrYeeUN9hP— PlanB (@100trillionUSD) March 16, 2022
At the same time, the one concern that is a constant roadblock is volatility. Especially since the cryptocurrency has continued to move under the same resistance and support levels for three months now.
Bitcoin Price Action | Source: TradingView – AMBCrypto
However, with inflation rates rising rapidly, some transition towards Bitcoin as a hedge could take place. Only if the
Read more on ambcrypto.com
