Crypto skeptics have long predicted the ultimate collapse in the price of Bitcoin. However, time and again and despite suffering several significant drops in its price, the cryptocurrency created by Satoshi Nakamoto has recovered. Getting to the point that Anthony Pompliano comments in the Tweet of the day, when Bitcoin is closer to $ 100,000 than $ 0:
We are closer to $ 100,000 Bitcoin than we are to $ 0 Bitcoin.
– Pomp 🌪 (@APompliano) February 18, 2021
Bitcoin at $ 0?
One of the great dangers, or the great promises depending on how you look at it, within the crypto market is a total collapse in the price of Bitcoin. That is the vision of crypto skeptics around the world, for whom Bitcoin, being a virtual cryptocurrency without any institutional backing, is destined to disappear.
Therefore, for years every time Bitcoin suffered a correction in its price, crypto skeptics celebrated it as the final collapse, the drop in the price of the cryptocurrency that would take BTC to 0 dollars. However, this never happened, and on the contrary BTC and the rest of the cryptocurrency ecosystem continued to strengthen. Increasing its price and attracting new investors.
This process culminated in the year 2020, when a new wave of institutional investors caused the price of Bitcoin to explode. Kicking off the biggest bull rally in the history of cryptocurrency, and putting BTC in the spotlight of all the world’s media and companies. Getting to the point where Bitcoin is much closer to exceeding $ 100,000 than falling to 0, as Anthony Pompliano commented.
“We are closer to a Bitcoin at $ 100,000 than we are to a Bitcoin at $ 0.”
Bitcoin’s price is closer to $ 100,000 than $ 0 for the first time in its history. Source: CoinMarketCap
In this way, with its current price of $ 51,375, BTC seems to be leaving behind the specter of a total collapse to zero. Consolidating its position as a valuable financial asset for investors and companies. And ending the dreams of crypto skeptics about their future.
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