Bitcoin is here to stay.  There is an improved demand from retail buyers induced by the recent price hike and FOMO.

BTC was trending at $8000 in early 2020 and by December 2020, the price crossed $20,000.  The returns of BTC is getting lucrative and investors would not want to miss out.  There is also a demand from institutional investors, which in turn has super-fueled the growth of Bitcoin.

The new at time high at the time of writing at $42,000 is orienting the mood of investors towards the cryptocurrency. Conservatively, the BTC was created to be inflation proof; however, the high volatility does not seem to prove the same; however, with time inflation-resistance might get proven.

Again, holding Bitcoin for long term is definitely going to provide with maximum value.  The new trend is for experts to suggest at least a minimal investment in Bitcoin. Investing a small amount consistently helps with cost averaging, therefore, creating an estimate for the average price to invest thus creating best possible protection against volatility in terms of investing in BTC.  The logic is to hold on to BTC despite the dips.

Bitcoin is Already Regulated

Meanwhile, Christine Lagarde, The European Central Bank (ECB) chief opines that there is a need for global regulation of Bitcoin.  She used the term that Bitcoin is “conducting some funny business” without regulation.  She expressed that crypto regulation should be started by G7 countries, then G20 and then to the rest of the world.

For now, it is true that BTC has the capacity to build fortunes. And regulators from across the world are able to sense this and therefore they are calling for regulation in one form or the other.

While regulators feel that all that the cryptocurrencies are doing is printing money, someone pointed to how Anthony Pompliano has already made a video explaining why “Bitcoin is the most regulated currency in the world” and why it “is already more regulated, and used less often for illicit purposes, than any other currency.”

When an escape to achieve financial freedom is possible with Bitcoin is possible, people will take to it definitely.  If people learn how to live independently, governments will have no one to exert their control over.  Governments are surely going to try to come up with their own regulations which they will expect their subjects to agree upon.  This drama will begin soon and we will all witness it.