Bitcoin Defies Predicted Demise, Eyes Annual Peak

For years, we’ve been reading that Bitcoin has died or ended with every market downturn. The situation was no different during the last bear market. The sales that accelerated in June of last year caused the price to hit rock bottom in the second half. After hitting its last low at $15,500, Bitcoin increased by approximately 100% and is now targeting its annual peak again. Bitcoin Isn’t Dead The Chinese government has worked hard to convince people that Bitcoin will devalue, but their negative predictions over the years have never come true. They hoped Bitcoin would go to zero, but it didn’t. During the wild bear market of 2022, the Chinese government attempted to profit from a significant market downturn by warning crypto investors that Bitcoin prices were “heading to zero.” Exactly one year ago, China’s national news agency, Economic Daily, issued a warning about Bitcoin with the intention of […] The post Bitcoin Defies Predicted Demise, Eyes Annual Peak appeared first on COINTURK NEWS.