My fellow Steemians,
On the chart below you can see the biggest bubbles in history!
According to the American investment bank Bank of America , Bitcoin is the largest bubble in history so far, so it is possible that the price of Bitcoin could go down even more.
Normally the bursting of a bubble takes 1 - 3 years.
But in my opinion the situation around Bitcoin is different than most other bubbles:
Bitcoin is scarce, the number of Bitcoins is limited to only 21 million.
Bitcoin is the benchmark in the crypto market. To buy other cryptocurrencies, in most cases you have to buy Bitcoin first.
More and more big enterprises and banks are beginning to use some form of crypto and more and more people are starting to use Bitcoin = mass adoption is beginning to accelerate
Thank you for reading!
https://slimbeleggen.com/trends/zit-de-bitcoin-nog-steeds-gevangen-in-een-zeepbel/