Bitcoin prices have been steadily going up and whales have been buying more and more of the coin. This comes after the speculation that Bitcoin might be entering its second bull run for the year. Read on to find out more.
It is not common for the coin to gain and lose value in a matter of days but recently, there has been an upward trajectory in its charts. This is a major comeback since the September dip when the BTC was adopted as the legal tender of El Salvador.
Not only that, but they were also plagued by technical difficulties during the rollout, which caused a massive drop. After that, there were technical glitches while people tried to sell their coins. This made people lose money.
But as the financial bodies warm up to the idea of cryptocurrencies, there is a very high chance that Bitcoin will reach an all-time high. Experts have suggested that BTC will be valued at $100k in its next bull run, but these are conservative estimates.
Some say that it can go as high as $200,000 and this is the best time to get into the crypto market. The large mainstream acceptance and minimum government interference are what make these DeFi systems appealing to people.
With more and more people investing in these new-age currencies, it was only time before the poster boy (BTC) saw another peak in value. If you have been planning to add crypto to your portfolio, right now is the time to do so.