There are many reasons to believe that Bitcoin has a chance to take off.
Many feel that the basis of this idea is the fact that paper money is going to collapse. The way the central banks are operating, inflation is simply a killer on the populous. Few realize the reasoning behind inflation. It allows governments to borrow large sums of debt while paying it back with dollars that have less purchasing power.
This is theft in many people's opinion.
Another fact in this is Bitcoin does not have any inflation passed the 21 million coins that are set to be distributed. The actual number in circulation will likely be closer to 17 million since many were lost. This leads skeptics to conclude there are not even coins to operate as money.
Bitcoin stages a major rally in the last month before pulling back.
The question is did we see the bottom for Bitcoin?
If we did, expect the pace of the rise to increase as FOMO sets in. This is something we witnessed in 2017 and could occur at a more fierce pace now.
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