https://img.inleo.io/DQmcUvKPJywvAXeiX3LKuPaaSqu1teYaL92ZkBJJ34VMaUh/ai-generated-8517436_1280.webp
Bitcoin’s price is currently around $67,000 and I see that it's a slight recovery after it's recent drop. That's Bitcoin for you, up and then down.
Some experts are very bullish about Bitcoin so much so that they think it could rise to $78,900 by the end of the year. I really doubt that but it's only time that'll tell.
The reason these experts are so optimistic about Bitcoin rising is because right now there's strong demand from the investors and also an increase in Bitcoin Futures trade.
Bitcoin futures itself is becoming more popular and now major financial institutions are becoming more interested in Bitcoin and all other cryptocurrencies.
A lot of money is flowing into Bitcoin-focused investment funds, especially from well-known companies and Microsoft is also planning on investing big in Bitcoin. I look at these reasons and I understand why some will believe it'll rise but there are some reasons why I personally I'm not too sure of this whole this.
We still have global tensions and wars going on with Russia and Ukraine and other countries getting involved. Also the U.S presidential election is around the corner and that adds uncertainty to Bitcoin’s price. The government wants to get involved and that's not good for crypto at all. So yes, you can be bullish if you think of the positive sides and you can be pessimistic about this whole thing if you think about the negative side. They might be experts but I doubt it, but hey I'm not expert so I could be damn wrong.
