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As the good news for Bitcoin continues to pile up, it was certain that its price would rise again to over $12K, then $13K, before going higher in the coming months. At the time of writing, the Bitcoin price is around $13.3K, having approached the major resistance that remains to be broken: $13,850.
If Bitcoin were to break this resistance, we could see the start of the long-awaited Bull Run.
The most interesting thing about the current rise in the Bitcoin price is that it has not plunged the market into widespread euphoria. We are still a long way from the total FOMO feeling we were in at the end of 2017.
Market sentiment is greedy of course, but it remains moderate:Fear & Greed Index for Bitcoin
This measure in the excitement generated by the current rise in the Bitcoin price is all the more astonishing as the Bitcoin price has reached its higher level since June 2019.
In my opinion, this is a testament to the fact that a majority of people have understood that Bitcoin’s goals are much higher than reaching $13K.What Bitcoin has already accomplished is nothing compared to what it will accomplish
When we talk about Bitcoin, we are talking about a true monetary revolution that will change the future of the world in terms of money. Bitcoin will build a fairer world for all in the future.
While Bitcoin just passed the 100 million user mark a few weeks ago, you must understand that only 0.1% of the world’s population really understands the phenomenal potential of Bitcoin for the future.
Under these conditions, the current price is only priced for 0.1% of the world’s population. There are still 99.9% of the Earth’s inhabitants that can come to the Bitcoin world. This gives you an idea of the incredible potential demand for Bitcoin in the coming years.
While the demand for Bitcoin will explode in th...