All cryptocurrency enthusiasts are all looking to that day when what they are holding - they be Bitcoin or otherwise - can go for a bull run. And that is what is happening right now. Unlike in 2017, this is a prolonged type of a bull run and many are predicting this can go on for the rest of 2021 as more and more institutional money is positioning to join the BTC party.
However, there lingers that feeling or maybe a certain amount of fear that the high the rise of Bitcoin, the high also is its fall later. I am sure the same thing happened in the past with what many called as crypto winter and there are those who are concluding that history is not going to be giving an exemption even at this time.
So should we be celebrating Bitcoi's best performance and yet still preparing for the worst?
Bitcoin's price decline will definitely occur, but 2017 is different from 2020-2021.
in 2020 and currently some companies accept Bitcoin as payment, this is due to the high price of bitcoin and has a large community member, from there global companies accept Bitcoin to profit from every transaction.
It won't be long before Bitcoin price will go up and back at $ 60k, the recent drop in price seems like a correction only and there hasn't been any sign of a decline in Bitcoin price causing the price to fall high.