This is one of the best moments in the crypto world. This is also an event for celebration. But, I don't know how I feel about this. I don't own any BTC with me, but the feeling is that the price has crossed a big milestone. I still remember the previous moment when the BTC price was 10k and everyone was very happy about it. I never tried purchasing BTC and holding it. I always thought that BTC was never affordable for me. Today looking at the price of BTC, I feel that I should have purchased some BTC during the early days and held it.
Even today it can be the case where after a few years I might think that I should have purchased when the price was 100k. This is going to happen. The reason is because I'm seeing BTC ever since the price was close to 1000 dollars. I thought it was very costly to purchase BTC at that price. Today the price is almost 100 times that price. Imagine the people who mined BTC or people who purchased BTC when it was less than a dollar and have been holding it till today.
After the bad market we had in 2008, Bitcoin came out to be a great revolution and an alternative to regular currencies. Ever since it came to the market, there have been a lot of challenges and news about Bitcoin. Nobody would have expected the price of Bitcoin to go as high as 100k. There is a prediction that the price of Bitcoin can cross 150k soon and even go as big as 200k. Those who are holding BTC are the legends but there should be a point where we sell some BTC and book profits but for people who are holding it for a very long time, it will always be a great opportunity to just hold it. The reason is because this is a never-ending bus. We have to just board this bus and stay inside it. There is no reason to get out of this bus no matter what. Even if we get out of the bus, we will be in a great position.
I initially thought that BTC could take a lot of time to cross 100k because it was showing a lot of resistance. But later when the price was constantly holding strong above 99k, the alt season started and many old cryptocurrencies started to have a good time. Many altcoins have seen good investments happening and the price has improved a lot. XRP has seen a great pump and many people are even comparing XRP with BTC but to be honest it is doing very good staying near BTC.
Finally, do you expect BTC to grow even further and reach the peaks? I expect BTC to reach at least 150k before the end of next year if the market continues to do the favors.
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