The cryptocurrency market is a bit calmer today, with small rises and falls as usual.
However, uncertainty is evident: wars are raging, unpredictable politicians are leading the world, and it’s impossible to foresee what tomorrow will bring, so people are keeping their fingers poised over the sell button with heightened caution.
It’s possible that a panic sell-off could erupt at any moment, potentially driving Bitcoin’s price down to 40,000 dollars, pulling altcoins into the abyss with it.
Of course, a panic sell-off might only drop the price by 70-90,000 dollars, followed by an expected recovery.
Or, in the best case, secret hopes could come true, and Bitcoin’s price could rise to 120-130-150,000 dollars.
It’s not out of the question that a truly euphoric state could take over, pushing Bitcoin’s price to 250,000 or even 500,000 dollars, dragging all altcoins along with it.
Some experts and renowned analysts envision horror scenarios, while others predict success stories.
But let’s be honest: just two years ago, the current Bitcoin price of 100,000-110,000 dollars seemed like an unattainable fantasy.
Now, however, Bitcoin has steadily strengthened around the 100-110,000 dollar range.
Since the beginning of this bull market, I’ve been arguing that this bull market is likely to last much longer than previous ones.
I base this claim on the fact that many more people today know about cryptocurrencies, especially Bitcoin, than in the past, and while fewer people used to buy in a short time frame, now many more are investing over an extended period.
An increasing number of experts are echoing this same view.
Regarding the altcoin season, I believe that since the number of altcoin cryptocurrencies has proliferated in massive quantities, it’s impossible for every cryptocurrency to surge simultaneously.
In my opinion, the altcoin season will unfold with some altcoins experiencing dramatic jumps and outstanding performance before declining, only for other altcoins to follow their example and deliver significant profits.
And this pattern will likely continue for quite some time.
This is why I think this bull market will last so long that it might even spill into the next bear market, and a true “surprise market” like those of the past may not materialize.
Among Bitcoin and other cryptocurrencies, including altcoins, some will deliver exceptional performance while others will stagnate or see sharp declines.
These are just my thoughts, though several experts have also pondered this.
In any case, caution is warranted, as the world of cryptocurrencies has always been unpredictable and will likely remain so.
What is certain, however, is that more and more people are becoming familiar with cryptocurrencies, their acceptance is growing, and they offer exceptional long-term investment opportunities despite all the risks.
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