Following the recent purchase of over 3000+ bitcoins few days ago by BlackRog, which spark a new signal, correcting Bitcoin from the $103,878 drops to $105,625.
Just few hours ago, Michael Saylor has plan’s to loads his bags more on bitcoin, but where exactly are we moving to? I see a lot of people saying different things, about what could be the expected value of bitcoin in few days time, preferably this week, some even go that far to say it might hit $1M dollar’s, due to institutional interest on the high side.
But if this should happen, I think it’s going to be a very exciting things for us, who believes in crypto, and give it a hand in one way or the other.
With the way the market go down, and in less time take a leveling up, to filled the gap’s, and also positioned to signal a very good value, it has change the people instincts that bitcoin is not just an assets to joke with, no matter it volatility.
Taking from few years ago, particularly, 10 years back, when we still have bitcoin in the range of hundred of dollar’s, at that time, no much people believed in it, but I think a few do.
Now, the future most people hardly seen are now a fruit for those who gave it a second thought, and took the risks, in throwing in their hundred of dollar’s, and today, those people are sitting at thousands of dollars, and are still counting in value, every time.
While I was still reading and looking at charts on coinmarketcap, I heard someone say’s that, he is going to hold onto his bitcoin bags, because he had the understand that institutions are in high demands of these tokens, and he can’t afford to sell to them, he is holding onto it, till it gets to the target he wrote of.
But at this extent, do we exactly know what value bitcoin is going to? Although we do not know, but something is certain, which is bitcoin is going to blow up to what nobody else expect.
This is so, because, instituons interest are at the larger part, and country’s are moving to creating bitcoin’s reserve, all this are what signal upward trend, and brought so much resistance when bitcoin tries to dip.
note, this is not a financial hope, do you own research before investing in any crypto currency