Bitcoin Price Peaked at 13,250.04 Yesterday!

What is really going on?
I have to say that we have way too many factors that are directly linked to the price of Bitcoin and the direction it has been headed for some time now. Yes, I am one of the firm believers that we will easily see Bitcoin at prices above 20k.

This year alone we have seen it get as low as $3,858.00 as of the time of writing this article Bitcoin is currently at $12,811.62 Bitcoin tends to go through trends whether you agree or not.

I think we are not long away from seeing a major spike as we have seen repeatedly in the past. History always tends to repeat itself. Fortunately at times this can be a good thing. Other times this isn't such a great thing.

Crypt VS FIAT?
FIAT currencies have long since the 1950's been inflated by the government. The true value of $1.00 USD is at best worth $0.30 USD which is something that shouldn't have been deemed acceptable.

We have no say so in how taxes from our money is spent once it is taken. Now Crypto opens the door to every single holder of the currency itself to have a say so in future development and usage of appropriated funds. They accomplish this wirh governance protocols.

What is a fork?
Worse case scenarios we see forks of popular cryptos. A fork tends to happen when the community that represents the crypto becomes divided. As is with BCH and Bitcoin themselves.

The community was divided on the size of blocks and other various issues. So, they took the original hard code of Bitcoin and adjusted it into BCH which was what BCH fans wanted.

That is one great aspect of crypto. Anyone can improve a crypto currency on almost any underlying blockchain. Since the crypto is built off of that blockchain it is typically still a part of said blockchain which can strengthen the blockchain as a whole. Like Ethereum.

Back to Bitcoin!
We have a lot of contributing factors. Kinda think about the stock markets. Look at the stock market data back in March when we had the Covid-19 stock crash. We also experienced a Covid-19 Bitcoin crash.

I predicted that we would see the prices continue to go up due to all the turmoil in various countries. The uncertainty of the stock market investments. We have seen a steady increase in institutional investments.

The most recent Institution to to invest in Bitcoin being the purchase of $50,000,000.00 invested into Bitcoin by Square. That alone had a decent impact on recent prices.

We are seeing further acceptance such as Fidelity stating that everyone should carry at a minimum 1% on their portfolio in cryptocurrencies such as Bitcoin. Also with PayPal now adapting to offer it's customer Bitcoin.

What do I think Bitcoin will peak at?
$36,000.00 That is my prediction. What do you think the price will be? Why?

I think with financial uncertainty in companies due to the fact that the world as we knew it will forever be changed. That we will see a rapid acceptance of Crypto world wide. We currently have countries that completely transformed from FIAT currency to Blockchain.

When Will Bitcoin Peak?
If I only knew this answer I would make a fortune. I am steadily watching Bitcoin continuously on a daily basis and as soon as Bitcoin Peaks I will be updating all of my channels to alert all of my followers.

My Final Thoughts!
This article is my opinion. I am not an investment advisor or am I in any way shape or form give you investment advice. The facts are Bitcoin moves rapidly and you can lose a lot of money really fast.

Likewise you can gain money really fast. I know it can be a hard thing to do when you are watching your investments tank but Bitcoin has had a track record of rebounding and over the long haul you almost guaranteed to see a return on your investment.

I believe in the future of cryptocurrency. I know it is not widely adopted yet however most of time I have found when introducing the idea of cryptocurrencies to new comers they already tend to be familiar with Bitcoin already.

I believe Bitcoin will continue to grow in value over the years to come as it was the original inspiration for what we are witnessing within the crypto world today.

I would like to thank every one of followers and first time viewers for reading. Follow me to get the latest articles. God Bless and stay Healthy!