What Reasons Are Left to Buy Bitcoin Today?
There is little doubting why, in the run up to Bitcoin all time high of $20,000, people were entering the cryptocurrency market. There was a promise of massive growth, potentially huge returns on investment, and a story already told of missing out as an early adopter. People thus flooded the market, entering for all the wrong reasons, really. However, this created a massive spike in interest and a massive spike in price. Things have changed somewhat now, with Bitcoin heading towards $6,000 rather than above $20,000, and this has caused a huge sell off as investors now flood out of the market. But what reasons remain today for people to buy Bitcoin? Get in for the right reasons The issue was, with this massive spike in interest, that people were throwing money at something they did not understand in the hopes of making a profit. It sounds familiar because it happened before. The dotcom boom has predicated around similar happenings. People jumped on the bandwagon, not knowing why,...