Strategy of Analysis : Technical vs Fundamental
Rather than focusing on supply and demand or the value of technology creativity made by Bitcoin and blockchain that delivered to the society, Bitcoin Strategy predicts the trends of Bitcoin from much macro and fundamental perspectives. The main factor governs the trends is politics on monetary system, both domestic and global. Geopolitical power struggle between the superpowers, namely US and China, is a predominant factor.
Unless we have a right strategy to predict the trends of Bitcoin price, we can figure out the right tactics to invest in Bitcoin.
Crypto-activist supports Bitcoin, mainly because of its decentralization features that bring lots of advantages over traditional monetary system. Most important of all, no one can steal your money away as long as you keep it safe in your wallet. Your Bitcoin wouldn't be inflated by government's continuous money printing. In contrast, the value of Bitcoin would be getting higher and higher owing to its limited supply.
Generally speaking, currency functions as a medium of exchange, unit of account and store of value. Bitcoin and some major crypto-currencies own all those characteristics of a currency. Even though they are not categorized as real currencies, they bear some kinds of functions of currencies and, actually, are gradually used or treated as currencies.
Monetary authority, namely central bank, of a government always has monopoly power over currency. Bitcoin, being the most prestigious and most accepted crypto-currency worldwide, is under worldwide monetary authorities’ full political scrutiny and manipulation. Therefore, worldwide politics and policies play determinative roles on the trends of Bitcoin price.