If The People Will Not Buy Bitcoin, Who Will?

It is a failed argument to say that people will not buy Bitcoin.

It fails because that is not the way the system works.

Cryptocurrency opponents can say that people are not going to buy Bitcoin because of the hard times, because the markets are crashing, because of war, problems with the international supply chain of different products as well as general sociopolitical instability brewing all around us.

So, the detractors would say, people will not buy Bitcoin, it will continue to drop forever because there is no money from the populace to buy and pump Bitcoin up.

It is a failed argument because the people doesn't necessarily decide Bitcoin's price.

"The people" is obviously an important factor but only one of hundreds of variables that are always affecting the market.

The movement starts with the ultra-smart money, in this case the top market insiders.

The exchanges, the miners, the big corporations, developers and project owners; these are the initial buyers.

Large players, whales, countries, institutions and the likes follow...

Bitcoin is going up now but this phase can still take years.

After years, Bitcoin goes back to its previous all-time high (say around mid/late 2024), and that is when the people will start to pay attention once again to Bitcoin and start buying up.

We say Bitcoin will go up very soon...

It is normal to go from the worst ever to good, it is the only way possible that it works.

The market only recovers after it hits bottom.

Always when at the bottom, it is the worst.

It doesn't matter what the current market sentiment is...
It doesn't matter what the news are saying or what one believes is happening or what is going on.

BITCOIN WILL RECOVER!
It will take a while...

But it will grow for years to come.

Namaste.