Bitcoin will not experience a bear market in the next few years.
According to the CEO of Bitcoin Magazine, David Bailey, the accumulation of Bitcoin by global financial institutions has begun and currently occupies only a very small portion of the total market, forecasting that the value of Bitcoin will continue to rise in the near future.
MAIN CONTENT
There will be no bear market for Bitcoin in the next few years.
The process of banks, insurance companies, and pension funds owning Bitcoin has begun.
The current proportion of Bitcoin in the total market is still very small, with great growth potential.
Why might Bitcoin not encounter a bear market in the coming years?
David Bailey, CEO of Bitcoin Magazine, asserts that Bitcoin will not experience a prolonged price decline in the near future. This is based on the phenomenon of an increasing number of large institutions such as banks, insurance companies, and pension funds beginning to accumulate Bitcoin. This process helps stabilize Bitcoin's value and shows a trend of sustainable growth.
The increase in demand from large financial-scale institutions creates strong demand, making it difficult for the Bitcoin market to decline in the long term. This is also a sign of a shift from Bitcoin being merely a speculative asset to being widely accepted both legally and financially.
Which organizations are starting to accumulate Bitcoin and what impact do they have?
According to David Bailey, every sovereign nation, bank, insurance company, business, and pension fund has been and is embarking on a journey to own Bitcoin as part of their asset portfolio. This reality creates a steady and diverse demand, driving the value of this cryptocurrency up.
This advancement not only helps Bitcoin increase its liquidity but also enhances its position as a safe asset in the financial world. From an investment and risk management perspective, the involvement of many large institutions makes the Bitcoin market more robust and trustworthy.
What is the growth potential of Bitcoin when its market proportion is still very small?
David Bailey stated that currently the total amount of Bitcoin held by institutions accounts for less than 0.01% of the total market. This very small ratio reflects a huge growth potential, as many financial investors have yet to enter this channel.
As institutions continue to expand their investment portfolios into Bitcoin, demand will rapidly increase, driving this cryptocurrency's value continuously higher. This provides a solid foundation for forecasting a sustainably developing cryptocurrency market without the risk of deep price declines in the near future.
Bitcoin has become an indispensable asset in the investment portfolios of large institutions, paving the way for sustainable growth in the cryptocurrency market.
– David Bailey, CEO of Bitcoin Magazine, August 2023, post on platform X
Frequently Asked Questions
Could Bitcoin decrease in price in the next few years?
According to the expert opinion of the CEO of Bitcoin Magazine, Bitcoin will not experience a bear market in the next few years due to the widespread participation of large financial institutions.
Why are organizations investing in Bitcoin?
Organizations view Bitcoin as a safe asset, helping to diversify and stabilize their portfolios while also leveraging long-term price appreciation potential.
Is the current proportion of Bitcoin in the market large?
Currently, organizations hold less than 0.01% of the total Bitcoin market, indicating a large room for growth in the future.
How does the ownership of Bitcoin by companies and pension funds affect its price?
This creates stable demand, increases liquidity, and helps Bitcoin's price maintain a long-term upward trend.
Is Bitcoin a safe asset?
Bitcoin is increasingly recognized as a safe asset, especially as it is chosen by many large institutions for value storage.
Source: https://tintucbitcoin.com/ceo-bitcoin-magazine-bitcoin-khong-con-gia-xuong/
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