After falling from a historical high of $15000 last year, Bitcoin faced serious setbacks in 2022. However, entering 2023, Bitcoin has shown astonishing resilience, with trading prices approaching $36000, an increase of over 110%
After falling from a historical high of $15000 last year, Bitcoin faced serious setbacks in 2022. However, entering 2023, Bitcoin has shown astonishing resilience, with trading prices approaching $36000, an increase of over 110%. Although Bitcoin has rebounded from its lows and eliminated nearly 77% of losses in the past 12 months, it still has enormous potential.
For investors who did not enter at the end of 2022/early 2023, they clearly missed the bottom. However, this does not mean that it is now the last bus to invest in Bitcoin. In fact, the price of Bitcoin remains attractive, and it's not too late to invest now.
Value investment: Although Bitcoin's price has rebounded from the bottom, it still has the potential for value investment. As a scarce resource, the supply of Bitcoin is limited, while demand is constantly increasing. This makes Bitcoin an investment with long-term value-added potential.
Technological progress: The continuous advancement of Bitcoin technology provides strong support for its future development. With the development of blockchain technology, the transaction speed and security of Bitcoin have been greatly improved. In addition, Bitcoin's lightning network and other technologies have also provided solutions for its expansion problem.
Recognition from institutional investors: With the continuous influx of institutional investors, Bitcoin's market share is also expanding. The recognition of institutional investors has a positive driving effect on the price of Bitcoin and provides more opportunities for investors.
In short, although the price of Bitcoin has rebounded from the bottom and made significant progress, it is not too late to invest now. For investors who missed the bottom, they still have the opportunity to board this wealth train. As long as we are confident in the future of Bitcoin and do sufficient research and risk control, now is a good time to purchase Bitcoin# Digital currency#
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