So the fundamental question is whether the cryptocurrency will generally be in demand going forward.
Regulators like the Securities and Exchange Commission are warming to cryptocurrencies, as evidenced by the recent approval of a publicly traded Bitcoin futures ETF.
But Bitcoin’s blockchain is upgrading soon to make smart contracts possible, opening up a realm of new possibilities.
Bitcoin’s price has cratered 50% or more multiple times in its history, typically following strong bull runs like the one we’re watching now.
These risks aside, I believe there’s a strong chance Bitcoin can keep winning if investors patiently endure the inevitable ups and downs in the future.