Lens1000
VIP Contributor
There are so many speculations that the Bitcoin is dead. The question is- is Bitcoin really dead? my answer is emphatic no because the bearish market does not depict that there won't be a bullish run in the future but the predictions that was made by cryptocurrency experts on bitcoin reaching $150000 by the end of year 2022 wouldn't be possible anymore.
It is a fact that the Bitcoin market capitalisation dropped by 40% in the last 15 days and we do have some other cryptocurrencies that experience a fall in the market capitalisation more than 50%. Etherium is one of them. The major fall in the market capitalisation of the Bitcoin is as a result of the fact that there are some whales that are withdrawing or converting the Bitcoin assets to the fiat currency. The high amount of liquidation is actually responsible for the dip in the price of Bitcoin.
The individual whales and the institutional Whales are liquidating their bitcoin asset. amount of Bitcoin moved is not ascertained for now. We do know that so many whales have lose trust on bitcoin investment.
So many people still believed that the Bitcoin is dead, do you support the motion?
It is a fact that the Bitcoin market capitalisation dropped by 40% in the last 15 days and we do have some other cryptocurrencies that experience a fall in the market capitalisation more than 50%. Etherium is one of them. The major fall in the market capitalisation of the Bitcoin is as a result of the fact that there are some whales that are withdrawing or converting the Bitcoin assets to the fiat currency. The high amount of liquidation is actually responsible for the dip in the price of Bitcoin.
The individual whales and the institutional Whales are liquidating their bitcoin asset. amount of Bitcoin moved is not ascertained for now. We do know that so many whales have lose trust on bitcoin investment.
So many people still believed that the Bitcoin is dead, do you support the motion?