With experts calling for Bitcoin to hit about $100,000 by the end of the year, what it has been doing for the last week has some people scratching their heads. But if anyone knows anything about the nature of Bitcoin, it’s time to buy before its meteoric rise.
When Bitcoin hit $50,000 on Monday of last week, everyone thought that was the mark of the record-breaking upsurge they had all been waiting for. But since then, it has been up and down in subtle dips and valleys between $47,000 and $48,000.
With Blockstream preparing to expand its mining ventures raising $210 million, a $3.2 Billion Bitcoin valuation, it’s a clear sign that something special is about to happen. But what the CEO of Blockstream and founder of Hashcash Adam Back is doing isn’t the only confirmation of the market.
Michael Saylor is another one to watch to get a good indication of the direction Bitcoin is going. The co-founder and leader of MicroStrategy announced the purchase of another nearly 4,000 Bitcoin to add to its current stash bringing the company’s total to 108,992 BTC.
Ricardo Salinas Pliego who founded Banco Azteca, a bank the conducts business throughout Mexico, Panama, Guatemala, Honduras, Peru, and El Salvador, announced that his bank is working toward accepting Bitcoin. Not only that, but he called fiat currency fraudulent and if anyone knows money it would be a billionaire who owns a bank.
With Bitcoin projected to reach $100,000 by the end of this year, it’s no wonder all of these big players are making huge moves. The fact is that this moment in time is the best time to buy Bitcoin because it will never be this low again. If you missed buying when the price was mere pennies or even when it was in the hundreds of dollars, you might be kicking yourself in the butt about right now. But don’t let that get to you. Buying right now is a smart investment and I repeat, it will never be this low again.
Are you picking up what we’re putting down?