@Damian.Adams 15 September 2022 more from that month

Thoughts on the Future of Bitcoin: Will Cryptocurrency Continue to Thrive?

The volatility is nothing new, and it's a significant factor in why experts advise novice cryptocurrency investors to exercise extreme caution when designating a portion of their portfolio to digital currencies. The value of Bitcoin has increased steadily over time, just like other cryptocurrencies available. The disruptive cryptocurrency Bitcoin doesn't need an introduction because it was the first to slam industry doors open. The coin has experienced exponential growth over the last few years, opening the door for hundreds (or possibly thousands) of altcoins and cryptocurrency initiatives to carve out a place in the larger market. Although there are differing views on when this will happen, many analysts still believe Bitcoin is headed for the $100,000 threshold despite its recent price dip and price volatility. **The price of bitcoin recently appears to be stabilizing** The price of bitcoin fluctuates for various reasons. Among them are the inflation data from August and the Federal Reserve's indication of future interest rate increases. After the August inflation numbers were released on Tuesday, the price of bitcoin abruptly fell below $21,000. But even with this decreasing volatility, Bitcoin is still infamous for sharp increases. Before the decline on Tuesday, Bitcoin was on the rise, reaching $22,000 on Monday for the first time since mid-August. **There is no guarantee that what we are witnessing will last** Given recent lows and highs as well as lows and highs forecasted by analysts and professionals in the field, it is simple to understand how taking a short or long position employing 100x leverage to trade the erratic price swings of Bitcoin may be very profitable—even more profitable than investing. That is why I can say I'm still bullish on Bitcoin and why it's never too late to trade or invest in Bitcoin to profit from its volatility. In addition, Bitcoin is still worth more than twice as much as it was a few years ago, despite the current price decline. For bitcoin, these price fluctuations are nothing new.