Bitcoin Successfully Overcome 5 “Bubbles” in the Past Decade

The previous decade has been interesting from a financial point of view. Primarily the evolution of bitcoin is worth taking into account.

This remains one of the most modern forms of money to be introduced in the past 10 years. 

The Bumpy Bitcoin Ride Continues

It has to be said that bitcoin’s evolution has not been without setbacks.

In fact, there have been multiple key periods where bitcoin could have failed easily.

As Brian Armstrong explains, there have been five different bubbles.

Every bubble resulted in a massive bitcoin price decrease, yet the cryptocurrency bounced back fairly quickly.

To most, this is a clear indication of how strong bitcoin really is when it comes under increased scrutiny and pressure.

Related Post

The bumpy ride of bitcoin has been well-documented by the media as well. 

Volatility is the name of the game when getting involved in cryptocurrencies.

Unfortunately, this has also created a major downside for the cryptocurrency industry as a whole.

Many onlookers now view bitcoin and altcoins as speculative investments first and foremost.

However, that is how these assets are used more often than not. 

The long-term game for cryptocurrency is still up for debate at this time.

It seems unlikely that the volatility will diminish, although that is not necessarily a bad thing either. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Published by
JP Buntinx

Recent Posts

Ankr Price Up 11% Amid Binance Listing and Polkadot Parachain Integration

Ankr price is up over 11% today, making it one of the biggest gainers on…

3 hours ago

Keep Network Price Up 45% Amid Upcoming Threshold Merger

Keep Network price is up over 45% today, making it the biggest gainer on…

17 hours ago

Nugenesis Patented Gasless NFT Platform Will Bring Mainstream Adoption

NuGenesis has 4 patents pending for its gasless NFT multi-cross chain system. It sees NFTs…

21 hours ago

Top 5 Metaverse Coins With Fully Functional Apps to Watch In 2022

The hottest trends in crypto right now are meme coins and metaverse projects. With Facebook's…

22 hours ago

How to Identify and Report Cryptocurrency Scams

With crypto going mainstream, there are a lot of scams popping out. While buying certain…

1 day ago

Top 5 Meme Coins to Watch for Short Term Profit

With all the meme coins coming out, if you're looking to make short term profit…

2 days ago

This website uses cookies.