Bitcoin price is on the rise once again, and while many are excited about the prospect of profit, it is essential to stay focused on the fundamentals of Bitcoin. Although Bitcoin has been making headlines for a while, the recent banking crisis has made investors and traders more interested in Bitcoin than ever before. However, it is important to note that the price of Bitcoin is not guaranteed, but the Bitcoin protocol itself gives incredible guarantees.
Despite renewed interest in Bitcoin, it is not wise to rely on wild predictions about its price in the short term. Instead, one should focus on the fundamentals of Bitcoin, which are based on the Bitcoin protocol. The protocol guarantees that there will never be more than 21 million BTC in circulation, an average delay of 10 minutes between issuance of each block of transactions, and an adjustment of mining difficulty every 2,016 mined blocks, among other things.
The current monetary and financial system is fragile and not fixable, which is why the Fed and the ECB are trying to save it at all costs. The Fed is in charge of the current system, and as such, no certainty resists its will. Therefore, one must get off the Fed’s playing field and onto a more level playing field, the Bitcoin playing field, if they want to take back control.
While it is tempting to rely on price predictions, one should not base their decision to buy Bitcoin on someone else’s prediction. Instead, you should take responsibility for your own choices and check everything out for themselves. It is essential to remember that price predictions are only binding on those who believe in them.
Finally, it is crucial not to believe those who tell you that the bottom has been reached for Bitcoin. The same people who said we would never see a Bitcoin under $20K again were proven wrong. Instead of looking down with fear, look up with confidence, because that’s where the Bitcoin revolution will take us.
In conclusion, while the renewed interest in Bitcoin is exciting, it is crucial to focus on the fundamentals of Bitcoin and not rely on wild price predictions. The Bitcoin protocol gives incredible guarantees, but they are not related to the price of Bitcoin. The guarantees are related to the protocol itself, and it is up to each individual to take power and responsibility for their own choices.