Bitcoin Update - Are We Back On Track?

While writing history, we still get disturbed by some uncontrollable powers called the government. They put all their powers into crashing and pushing the price downwards but the technology of the blockchain is just too powerful and literally unstoppable....

Yesterday I wrote about South Korea refusing to ban cryptocurrencies. The Bitcoin price went up immediately after the announcement by the Minister of Government Coordination, Hong Nam-Ki. This could also be the reason why the number one of crypto coins hit $10.000 again after the huge crash! We´ve heard so many bad news and the media was destroying this topic, so almost everyone who is not involved into crypto will be scared or never think of putting hands on this life changing opportunity. 

Anyway, I also mentioned that crypto lovers from the beginning had to go through the same things since 2016. The Bitcoin crashed during the first month of the year but went up just a few weeks later. There is literally NO reason to worry because they already know how to handle this. It might be because of Chinese New Year which definitely is a huge influence on the crypto market. 

But for now the Bitcoin´s price is back at $10.000 for the first time since December 2017, shortly after it had charted a course to record highs near $20,000. The coin lost almost 70% of it´s all time high value this January which was reason enough for the mainstream media to tear up their mouths on the News and make cryptocurrencies image even worse. But slowly they will understand that this new cyber world is unstoppable! 

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When all the coins were rising to the moon, we had a total market cap of over 700 billion dollars. This was insane. People were hyped, bought Bitcoin at $15.000 and still made profit when it hit nearly the $20 k mark. This was a huge milestone for the crypto community and its growing bigger and bigger everyday but then the big crash happened and the market cap dropped again below $300 billion. Now we are on a good way to hit $500 billion again which isn´t far at all. Currently we have a total market cap of $480.072.045.943 and it doesn´t look like going back into the opposite direction which are good news. 

According to Coindesk 

At press time, bitcoin's recovery is also reflected across the wider cryptocurrency markets, with digital assets across the board seeing gains today after major losses through January and February. 

I am really looking forward of Bitcoin hitting at least $50.000 by the end of the year.

What are your expectation?

Thanks for reading

Love, Soldier