Of course, this is a simplification of bitcoin’s potential price movements. Cryptocurrency is incredibly volatile and that decade of 135% annualized returns saw multiple instances where bitcoin lost half of its value or more in a short time and didn’t return to previous highs for months or years. Related Posts However, this is bad news.
History shows that halving events typically lead to a noteworthy boost in Bitcoin’s value. So, the current surge in Bitcoin’s price is likely driven by investors anticipating the upcoming halving, coupled with the growing acceptance of cryptocurrency by regulators and traditional markets. These Bitcoin (BTC) Investors Resume Accumulation Spree After 5-Month Hiatus: Glassnode But keep in mind that the path to $1.5 million is unlikely to be gently sloping upward. There will be hills and valleys along the way. Some of those hills will look like insurmountable mountains, and you might question how Bitcoin is going to possibly climb higher. That's when the volatility you've been worrying about now is going to become the rocket fuel needed for Bitcoin to soar higher. So if you're thinking of abandoning this crypto now, stop worrying and learn to buy the dip.