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Bitcoin is one of the most popular digital currency 💵 that is accepted worldwide and it has gain recognition world wide not until recently that cryptocurrency drop in value and the down trend 📉 affected almost all crypto since then cryptocurrency has not gain its position and are still struggling to come back to the bull market ,
Just few days we started seeing some improvement in the crypto market chart 📉📈 and hopefully Investors see that as a relief to cryptocurrency situation though it's just a little improvement among the cryptocurrency that experience this improvement is hive and Bitcoin,
Bitcoin has seen an increase in popularity in African countries especially Nigeria where traditional money systems have failed. Some analysts say it’s only a matter of time when other national financial systems begin to crumble, too. That is likely to be the biggest chance for Bitcoin and cryptocurrencies to gain mass trust, adoption, and liquidity.
And if this should happen and
Bitcoin gains enough liquidity, there should be significantly less fluctuation in price. While Bitcoins market cap is around $60 billion, the most stable world currencies are measured in trillions and if Bitcoin gains the levels of adoption and liquidity which are near the level of usage of dominant government-issued currencies, it's price will become much more stable than it is today.
All currencies and assets change their perceived value on a daily basis. Looking back at the history of money, it becomes clear that all currencies, especially fiat, tend to depreciate due to inflation. In the case of Bitcoin today price
Reasons for depreciation in crypto ?
depreciation could occur due to a failure of its network, new regulations, stability issues, better alternatives or anything else that discouraged people from using it. However, unlike traditional currencies, Bitcoin is deflationary, which means that it should appreciate in value over time. Despite the apparent risks, it still has the best track record of all cryptocurrencies and thus signifies the most important financial innovation of our time
as an investor we should all understand that cryptocurrency investment will not always go smoothly there will be struggling times and there will be a time that everything will be going smoothly all of this are part of crypto that will all need to have at the back of our minds and if we all understand that concept we will have no problem in our crypto investment journey.