Every Bitcoin holder must be happy today, as the region is very well known because Bitcoin has reached a price mark of $ 120,000 US dollars today. I remember a time when people used to say that Bitcoin would touch $100,000 US dollars. Now, that is a reality. Apart from that, it has 20% more of that price, and today it finally reached $120,000 US dollars.
There is a slight dip on its price but that's fine because that is how this market works and price keep on fluctuating which is okay. now if I talk about the current price then it is really great and every Bitcoin holders should be happy which I am sure they are but the question is is this right time to book the profit or still wait for another price increase?
people are anticipating that the price for the Bitcoin is going to cross 150K US dollars and this will also go much ahead that this. all this is happening because the market is positive sentiments were the adoption for the Bitcoin is going significantly and the reason why it is happening because a lot of institutional investors are coming forward and putting their money in Bitcoin.
Bitcoin is a decentralised asset which is not controlled by any individual or entity, and that is what makes it a better asset class, which is even better than fiat currency, which is fully controlled by the government and banking system, but with Bitcoin, things are completely different. There is no financial advice about selling or holding Bitcoin because it is all done by the investors following their own goals and studies, so do whatever you feel like, and this post is not financial advice anyway.
Thank you so much for stopping by, and if you like my content, please vote and share your thoughts in the comments section.