Just under a month since Bitcoin first hit $50,000, the price has now gone beyond $60,000. And while 10k climbs to new highs has become the norm in recent months, it is phenomenal growth when you consider where BTC was only a year ago.
On the 12th of March 2020, the price of Bitcoin plummeted in the midst of pandemic panic selling, briefly dropping below $4,000. Those who bought that dip have certainly been rewarded handsomely. As for the sellers... ouch! Betting against a Bitcoin bounce back is always a risky move.
Given the current momentum, it's mind blowing to think about what one Bitcoin could be worth by this time next year. My hunch is that it will make today's $60,000 high seem like a bargain. Bitcoin's history, so far, is that people always think they've missed the boat... or rocket, as the case may be. To date, this has proven to be false every time.
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