Bitcoin Growth Stabilizes – It’s Still Going Steadily Up but at a Slower Pace.
Just one week ago the price of Bitcoin rocketed up by $4,000 in a 24 hour period of time. Now it’s gone up by about $3,600 over the course of a full seven days. Indeed Bitcoin growth stabilizes the feelings of investors – both in actual Bitcoin investing as well as Bitcoin futures investing. The tangential benefit is that all Bitcoin critics jumping up and down and screeching about a Bitcoin bubble have very little to say now.
Bitcoin Growth Stabilizes is the best possible headline I could write. What if Bitcoin had gone up at the previous breakneck pace of $2,000 or $3,000 per day? The Bitcoin bubble boys would just have more fuel for their fire in warning the world that Bitcoin will collapse. This slightly slower pace of growth is healthy, sustainable and sure to assuage the fears of even the most nervous of Bitcoin investors. Apparently I’m not the only one who noticed.
Last week I predicted Bitcoin could hit $40,000 by the end of the year and I still see that as possible. Even as Bitcoin growth stabilizes my forecast is still in the realm of possibility. My calculations were based on the $2,000 per day price spike holding true for most of the rest of the month. As we all know, Bitcoin can spike up almost any amount in a matter of minutes. With the CME premiering its own Bitcoin futures trading in just a few days we see a second opportunity for massive market growth.
As Bitcoin growth stabilizes it enters the mainstream of society as an accepted currency, investment vehicle and way forward to the future of finance itself. We’re all witnesses to human history and we should all be honored to be here and be a part of it.