Bernstein analysts remain optimistic about Bitcoin’s future price performance BTC
While a bear case for crypto does exist, such as unfavorable macro conditions and regulatory threats, advancements in blockchain technology could potentially overcome these challenges in the future. Ultimately, investors should focus on long-term consumer adoption if they plan to see significant returns over time.
The previous year brought a myriad of challenges for the cryptocurrency market. Bitcoin closed 2021 substantially lower, losing 65% of its value. This decrease in price starkly contrasts with a 60% gain recorded in 2021 and an almost four-fold increase observed in 2020. The bear market conditions are reminiscent of 2018 when the flagship cryptocurrency experienced a 74% decline.
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