When it comes to Bitcoin, we’ve seen it all before.
The digital asset has had its fair share of UPS and downs, and while it’s currently on an upward trend, some believe that it’s only a matter of time before it comes crashing down again.
But what if Bitcoin is actually going parabolic this time around?
Let’s take a look at the evidence to see if there’s any merit to this claim.
First of all, it’s important to note that Bitcoin has already experienced two major bull runs in its short history.
NOTE: Warning: Investing in Bitcoin is highly speculative and carries a high degree of risk. Before investing, be sure to research and understand the risks associated with trading cryptocurrency. Be aware that Bitcoin’s price can be highly volatile, and its value can go up or down quickly and unpredictably. Also, be aware that no one can guarantee success in trading cryptocurrency. Finally, always remember to never invest more than you are willing to lose.
The first one took place between 2011 and 2013, when the price of Bitcoin rose from around $1 to a peak of $1,100.
The second bull run occurred between 2015 and 2017, when the price went from $200 to almost $20,000.
So, what’s different about this third bull run?
Well, for one thing, the institutional interest in Bitcoin is much higher than it was in the past.
Famous investors like hedge fund manager Paul Tudor Jones and billionaire hedge fund manager Stanley Druckenmiller have both come out in support of Bitcoin in recent months.
Jones even compared buying Bitcoin to investing early in Apple or Google.
9 Related Question Answers Found
When Bitcoin goes parabolic, it means that its price is rising at an exponential rate. This is usually caused by a combination of factors, such as increased demand, limited supply, and positive news stories. Bitcoin’s price first reached $1,000 in November 2013.
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When it comes to Bitcoin, there are generally two schools of thought – those who believe that the cryptocurrency is a revolutionary new asset, and those who think it’s a bubble that’s about to burst. However, there are also those who believe that Bitcoin is both – a revolutionary asset with the potential to change the financial world as we know it, but one that is also in a bubble that could pop at any time. So, is Bitcoin going to crash?
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Bitcoin has been in the news a lot recently. Some people think it’s a great investment, while others think it’s a bubble that’s about to burst. So, is bitcoin falling?
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