From Nasdaq:

Bitcoin (BTC) surpassed 60,000 USD and is eyeing the all-time high near 70,000. Critics doubted its value back when it was just 500, missing its meteoric rise of 12,000%. One reason for the skepticism could be a lack of imagination about a non-governmental currency challenging traditional systems.

Despite being embraced by the political right in the US, bitcoin is also supported by the far-left in other countries. The narrative of bitcoin being unnecessary due to existing financial tools is US-centric and fails to consider regions where traditional banking systems have failed the people.

Bitcoin’s rise has been fueled by real-world stories of how it has helped individuals in crisis situations. While some criticize its use by cybercriminals, similar criticisms could be applied to other forms of currency. The future of BTC/USD’s value is uncertain post the upcoming halving in April, with historical data showing fluctuations after previous halvings.

While BTC/USD could hit new highs of 75-80K, caution is advised as a correction is likely due to the trade being overcrowded. Despite continued naysaying from financial experts, bitcoin has defied predictions for a decade and will likely continue to do so. Ignore the skepticism and embrace the potential of this digital asset.



Read more at Nasdaq: BTC/USD Over 60K: What the Critics Got Wrong and What to Expect From Here