Will Bitcoin recover?
On this day (Jan 2, 2023) Bitcoin´s price is around $16,700 each. Many people who were told “buy the dip” sit on the fences, wondering if this is a good time to enter.
“Should I buy it?”
“Or is it better to wait some more?”
“Will Bitcoin ever recover?
As you may know, my dear reader, Bitcoin is a decentralized digital currency that enables peer-to-peer transactions without needing a central authority.
Transactions are recorded on a public ledger called the blockchain, which allows the transactions to be verified and prevents fraud. Bitcoin was created in 2009 by an unknown individual or group of individuals under the pseudonym Satoshi Nakamoto.
It has gained significant popularity and attention in recent years due to its potential as an investment and its use as a means of exchange for goods and services.
However, it is also highly volatile and has been subject to a number of scams and fraudulent activity, the most recent being that perpetrated by Sam Bankman-Fried at FTX (Alameda Research).
These scandals are bad for the crypto community as a whole, and no doubt about it, they pressure the prices down.
But nobody can know what the future of Bitcoin can be, we only can make educated guesses.
