The question that looms over the cryptocurrency community these days is: Will Bitcoin crash again? This question will come up in every discussion of Bitcoin. The biggest factor that can determine whether Bitcoin will crash again is how many people are using the currency. The current level of ownership is low and is only a few points higher than last year. The low ownership of Bitcoin indicates stagnation and the possibility that investors have moved on to more promising coins. In addition, there is a generation gap in terms of usage. While younger users are overwhelmingly bullish, older ones are still skeptical. However, the introduction of Futures and ETFs makes up for this.
As a new investor, the recent volatility in the cryptocurrency market can be nerve-wracking. As more cryptocurrencies come online, there will be more volatility and existing cryptocurrencies will fall by the wayside. Therefore, it is critical to manage your risk, especially in times of market turmoil. Even if the recent Bitcoin crash did not cause a major disruption, it would be prudent to sell any assets that you own during the downturn.
Bitcoin can surge and rally again. In the future, it will reach 5,000 and jump higher. Eventually, it could reach $10,000. Then, it will crash again, likely back down to three or four thousand dollars. It might even go sub-3000 in the future. It is a question of when, not if, Bitcoin will reach a peak. For now, it remains to be seen if Bitcoin will hit a price that is higher than its current price.