3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

[sirty143]

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs. More unique entities are joining the Bitcoin network as activity increasingly... See more for yourself here.

Your opinion is greatly appreciated.

[wahyudi]

Currently the price of Bitcoin is still driven by demand and supply that occur in the market.  There is no new sentiment that can raise gold prices.  The potential for an economic recession did not help either.
  Meanwhile, the price of gold continues to advance because investors are worried about a potential recession in the US economy.  The indicator is an inversion where the yield (US Treasury) of 2-year tenor is higher than the 10-year tenor.  Now, inversions are no longer happening

[mlawson71]

Thank you for the heads up, I will keep that in mind.

[syedrasool2011]

Any thoughts about investing in more alts to switch to more bitcoin down the road.  Don’t you think when bitcoin rises 3x , Alts  like vechain, Ada, etc are probably going to rise 10x?  Wouldn’t 10k in cardano probably get you an extra 3 bitcoins in 6 months?? Just curios?

[Gurujebs]

Any thoughts about investing in more alts to switch to more bitcoin down the road.  Don’t you think when bitcoin rises 3x , Alts  like vechain, Ada, etc are probably going to rise 10x?  Wouldn’t 10k in cardano probably get you an extra 3 bitcoins in 6 months?? Just curios?

It's not longer like the 2017 where all the alt where booming like hot oil. Ada and vchain pump on purpose.
Cardano was because of shelly mainnet and vechain was partnership with mastercard and alibaba virtual submit that occurred some weeks ago.

[ashraf786100]

However, the price of Bitcoin is still driven by demand and supply, which dominates the market. There is no new emotion that can add value to a son. The prospect of a recession did not go unnoticed.

[LogiC]

Any thoughts about investing in more alts to switch to more bitcoin down the road.  Don’t you think when bitcoin rises 3x , Alts  like vechain, Ada, etc are probably going to rise 10x?  Wouldn’t 10k in cardano probably get you an extra 3 bitcoins in 6 months?? Just curios?

No one can know how the market would be but depending on altcoin to gain bitcoin could be possible if you pick the right project. More and more people getting their interest on defi and if you choose a good one, there is a chance you could get some high profit. 3x is nothing to altcoin bull scenario. We are talking about 10x and higher here, which is not impossible.

[Senin]

Over the past year, bitcoin has certainly grown in value a lot. During this time, it again broke its previous price record of $ 20,000 and in the first half of this year climbed to almost $ 70,000. But in the last months of the year, when the price of the cryptocurrency market traditionally grows, we do not see such growth yet. Will investors continue to invest their significant capital in Bitcoin when there are many cheap and potential altcoins for price growth? We will see this already next year.