Crypto industry experts believe the Bitcoin digital currency will soon exceed the $ 6,000 threshold, but the underlying reasons for this growth are an interesting and diversified topic.
The crypto industry is in a continuous variation, and some market leaders bind the price increase and Bitcoin's liquidity growth by this variable of fluctuation. For example, Luis Cuende, co-founder of Aragon, said:
"I think this Bitcoin price increase reflects the enthusiasm that the public has over Bitcoin, a digital currency that offers new permanent technical solutions such as SegWit that allow for greater scalability and offer new variants for payments instant ".
Not everyone thinks that Bitcoin is a good choice for the currency, especially as prices fluctuate so fast and massively. However, in countries like Argentina where the coin is virtually worthless, Bitcoin may be the only option and cripto experts are confident in the power of digital currencies.
Other experts have quickly pointed out that Bitcoin's activities are only now mainstream. As more and more people find Bitcoin, experts are confident that the price will grow in the long run. In fact, the fear, the uncertainty and the doubt caused by the comments of Jamie Dimon, Larry Fink and others, simply adds influences public consciousness, which in turn determines the prices.
Per Serafin Lion Engel, CEO and founder of DataWallet, says:
"Bitcoin proves to be a good asset that, due to its features of immutability, transparency and disintermediation, is developing into a world of ever-growing political and socio-economic uncertainty. Negative comments, such as those of Jamie Dimon, lead to the rise in the Bitcoin price that we are seeing evolving today. The contradictory comments of renowned recipients of the current centralized system simply add power to the Bitcoin ecosystem. Moreover, the issue is simply limited to exposure: the more people have heard about Bitcoin, the more people will adopt Bitcoin, because its benefits to the past financial system are so abundant in clarity. "
Despite the huge rhythm of price rises in recent days, cryptomonas can see substantial volatility. Even if Bitcoin reaches the $ 6,000 threshold (which seems quite likely), the price may see another massive drop, just as it did when the first price threshold was reached first. In addition, any negative news from mainstream media can cause a price drop.
Generally, the consensus among cripto industry experts is that Bitcoin bull will continue to work, and more than $ 6,000 will be reached.