Why the Recent Bitcoin Crash Won't Stop It from Hitting $100,000
For most, it’s hard to believe Bitcoin dropped $10,000 in 24 hours from Sunday into Monday.
But that’s how this works.
Bitcoin’s volatility is a feature, not a bug.
It’s designed to transfer money from weak hands to strong ones.
The $10,000 drop makes for great headlines, but there is absolutely nothing abnormal about this 24% Bitcoin crash.
The reality is, this is a mild correction by Bitcoin standards and actually sets the world’s first global decentralized cryptocurrency up for a more sustainable rise.
Tags: cryptocurrencies
The post Why the Recent Bitcoin Crash Won’t Stop It from Hitting $100,000 appeared first on Money Morning – We Make Investing Profitable.
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