Bullish or bearish? According to Vijay Boyapati, the Founder and CEO at Dealupa, the bullish case for Bitcoin investors probably seems so obvious that it does not need stating. Boyapati, on the other hand, believes that the bullish case for Bitcoin is compelling, though far from obvious. This is according to his famous Medium article, The Bullish Case for Bitcoin (Part 1 of 4) –a must-read!
For Bitcoin, 2019 was characterized by ups and downs. At its peak, it reached a price of $13,88. At the end of December 2019, it was down to $7,200. Because of these changes, it is hard to determine whether there is truly a bullish case for Bitcoin.
“There are significant risks to investing in Bitcoin, but as I will argue, there is still an immense opportunity.” These are words from Boyapati.
So even though the cryptocurrency still lacks stability, we may see a bullish case for Bitcoin in the future.
Nevertheless, with so many people rushing to invest in Bitcoin, it is essential to take caution and be aware of the risks involved.
Bitcoin’s mass adoption has continued to grow over the years, and its price is still to reach a higher point. Right now, Bitcoin’s price is ‘low’, and this means that it is a good moment to buy. As soon as the market picks up, you can sell your Bitcoins and secure a valuable return on investment.
The crypto market and its technology, in general, are still quite young. So there is still plenty of ways for demand to increase. Bitcoin has a quite huge growth potential since it is in its early stages of development. Currently, only 1% of the world’s population owns Bitcoin. This is a good indicator in favor of the bullish case for Bitcoin.
From a political perspective, cryptocurrencies are far from dead. With regulations governing these digital assets, the market is undoubtedly bound to thrive. From an economic point of view, the global economy heartily welcomes this digital technology. From investments all the way to money transfers, people nowadays prefer to go digital.
As Vjay Boyapati puts it “never in the history of the world had it been possible to transfer value between distant people without relying on a trusted intermediary such as bank or government.” The world is evolving, and we expect that the shift to digital tools will continue to evolve with it.
“Owning Bitcoin is one of the few asymmetric bets that people across the entire world can participate in,” Vijay recently posted on his Twitter account, @real_vijay. His article, The Bullish Case for Bitcoin is a must-read for every crypto enthusiast.
Regardless of Bitcoin’s fluctuations in its early stages, more and more users are eager to see how the cryptocurrency will evolve. Whether as a quick win or long-term investment, the bullish case for Bitcoin is still to gain traction.