Is Bitcoin like Digital Gold or is it just another thing that is risky to invest in? $BTC
The market has been over the place lately and that has started a big discussion. While regular stocks like the S&P 500 are having a time because of problems in the Middle East Bitcoin has been doing pretty well by staying steady around the $71,000 to $72,000 range.
Here are some important things to think about:
* Decoupling: Bitcoin is acting like a safety net staying steady while the rest of the world is unsure about energy markets.
* Institutional Buffer: A lot of people are still wanting to buy Bitcoin through funds, which is helping to keep the price from going down too much.
* Resistance: People who think Bitcoin will go up are looking at the $73,000 mark to see if it can start going up and reach $80,000.
My opinion is that Bitcoin is an investment. The fact that it can stay steady when the world is uncertain is a sign that it is a good choice, for the long term.
Do not let things that happen in the term change your investment plan. The idea that Bitcoin is a place to put your money is back.