Will Bitcoin ever exceeds the 64,800$ mark this year 2022

can Bitcoin reach or exceeds it's all time high this year? I asked some of my friends this questions and most of them believe it's possible and they gave their reasons and when I compared it side by side based on what they proposed, it was on a ratio of 75:25, that means the higher percentage of people i asked believed this can happen and I also believe it's possible.

in this era we are, it's the best time for anyone to invest in cryptocurrency but people still remain on the sidelines because they are unable to risk or invest because of the uncertainty nature of cryptocurrency as a whole. in the previous year most top cryptocurrency experience fluctuation and in that process it reaches its highest mark and they also experience significant drops.

In the cryptocurrency market, we've seen more declines than advances since the beginning of this year 2022. So, "might Bitcoin break beyond the 64,800$ threshold during this year?" ..... despite all of the challenges that cryptocurrency faces, Bitcoin continues to attract private equity firms, wealthy investors and experts. Though it has been on a roller coaster ride over the previous month, Bitcoin has now surpassed the 45,000 dollar threshold, indicating that it is once again showing signs of life as of today the price of Bitcoin is at 37,449.50$.

Various cryptocurrency experts, on the other hand, who have a long term view on Bitcoin, appear to be optimistic about this asset. A number of prominent figures, expertise and analysts have predicted that Bitcoin will be worth between $100,000 and $1 million by 2030 and for me this looks very possible and hope we are alive till then to be able to witness such a fantastic day in cryptocurrency world.

The preponderance of the euphoria stems from the notion that if inflation rises, Bitcoin might displace some of the institutional capital flow that currently flows into gold and other safe haven assets such as fixed income securities, government bonds, and currencies.

Many people are questioning if Bitcoin is a hedge against inflation asset; however, aside from the gold comparison, there are a few additional things that investors should examine when it comes to Bitcoin. Because of the way Bitcoin's supply is organized, a scarcity justification is commonly presented, claiming that there is a maximum supply of only 18,965,218$ Bitcoins in the world which is also the circulating supply, which raises mining costs analogous to gold and other real assets with limited supply, lowering the token's valuation.

However, some other investors are concerned that Bitcoin is increasing significant association to risk assets such as equities, as the stock economy has recently plummeted, especially for highly valued capital appreciation. Bitcoin has used a similar approach but Bitcoin has not provided the fundamentals that many expected to be accessible recently for investors searching for a market advantage

Finally, could investors expect this year's rally to reach new all-time highs? ..... on this subject, I believe the jury is still out, and there is a lot of market complexities, which Bitcoin has been experiencing recently, which is not a positive factor. Bitcoin has nevertheless, shown to be a good investment in the long run, and market participants will continue to benefit no matter what and I believe that 60k$+ will be overly conquered.

Though I'm into Bitcoin cash due to the opportunity read.cash has offered all of us, but Bitcoin is still one of the top cryptocurrency on my watchlist including Bitcoin cash and I make sure I still invest and monitor as it rises and fall after all that's the nature of cryptocurrency universe and we are used to it and In no way should we give up now because cryptocurrency is a generational wealth and if you don't achieve success through it now you have missed on the greatest opportunity provided by the universe.

Thanks for reading 💙