Bitcoin Price Performance

The no1 catalyst that’s driving the bitcoin performance recently is the high money printed by the US Govt into the system. Just for a perspective US govt injected 700Bilion into the system in the 2008 financial crisis. Last 4–5 years US govt has pushed almost 4–6 trillion into the system . So this seems to be the catalyst , has a positive correlation . Fearing inflation , companies, HNIs, hedge funds are buying Bitcoin.

Over the next 5–10 years if More dollar in Trillions are printed, Bitcoin can go into the 100,000 to million $.

Can Dollar cost Averaging investing into Bitcoin turn into a better investments then the Stock investing, over the next 10years. It might. Especially if you’re hodling during the down market.

Bitcoin Ban :

India may ban, or introduce another digital currency. It’s not finalized yet. it’s just a draft. To pass the bill may take time. The situation has to be seen in the future.

But US govt ban is going to have the biggest impact. But recently Miami Govt is slowly bringing Bitcoin into everyday business in Miami and giving support for bitcoin companies devs in Miami. so It’s going to very difficult.

Another big challenge is technological challenges from China. Which i know very little about.