With U.S. banks entering an era of crisis and the Federal Reserve potentially shifting its outlook, investors should consider Bitcoin as a store of value with tremendous upside potential. In the short and mid-term, the conditions for additional price gains remain favorable. The previous bull cycle of Bitcoin began with institutional investors and moved on to retail investors. The current short-term bearishness of Bitcoin should therefore not be overestimated. Rather, the chance of writing a new all-time high in the near future should be acknowledged. Furthermore, when comparing the development of Bitcoin since 2019 with the current cycle, it can be assumed that the price gains are still in the early stages.
Nicholas Howard
- 2023-05-05
The Potential for Upside With Bitcoin As A Store of Value
Bitcoin has seen an incredible bull cycle in 2020, and with U.S. banks on the brink of a crisis, the Federal Reserve potentially shifting its outlook and institutional investors entering the market, the conditions for additional price gains remain favorable.
