My opinion on Bitcoin in the short term projected future is based on the following key points:
1. **Volatility**:
- Bitcoin has historically proven to be highly volatile in the short term, meaning that prices can experience large fluctuations in a short period of time. This volatility can present opportunities for experienced investors, but it also carries significant risks.
2. **Institutional Adoption**:
- The growing institutional adoption of Bitcoin, including investments from companies such as Tesla and MicroStrategy, has been a major factor influencing the price in the short term. Institutional interest may continue to drive the price, but it may also increase volatility as larger players enter the market.
3. **Shortage and Halving**:
- Bitcoin's limited supply due to its supply limit of 21 million coins and halving events that halve mining rewards from time to time have been bullish factors on the price in the past. This relative scarcity could continue to support the price in the future.
4. **External Factors**:
- Global macroeconomic events, such as monetary policies, financial crises or the adoption of impactful regulations, can significantly influence the price of Bitcoin in the short term.
