Despite a general bullish trend in global financial markets, Bitcoin’s price has shown a lack of significant increase, causing concern among its enthusiasts and investors who hold varied views about its future. Experts attribute this to several factors, including the high supply volume of Bitcoin and investors’ psychological habits linked to gold as a traditional investment. Bitcoin, the world’s most well-known and oldest cryptocurrency, has established a unique position in the investment world over recent years, experiencing rapid fluctuations aligned with global financial conditions. However, even when markets worldwide are generally bullish, Bitcoin’s price growth tends to be slow. Analysts explain this by the large amount of Bitcoin available in the market and investors’ “muscle memory,” meaning they view Bitcoin’s price through the historical trends of gold prices. This mindset makes it difficult for investors to expect rapid and significant price increases, especially when supply is abundant. Going forward, Bitcoin’s price will depend on global financial influences, the overall state of the crypto market, and investor behavior. Although Bitcoin is considered an alternative investment, balanced supply and demand in the market are essential for price stability. Investors are advised to exercise caution and adopt long-term strategies to mitigate potential risks.
Source: coindesk
