I’ve been looking into investing in Bitcoin recently, and I was wondering if anyone could provide some insight into what the experts are predicting for the future of this cryptocurrency. Like many, I know that Bitcoin is notoriously volatile, but I’m interested in understanding the current trends and what this could imply for its future value. Are the pundits foreseeing an increase or decline? What external factors are likely to impact the price of Bitcoin and why?
Although I understand that predictions should be taken with a grain of salt, I’d like to get a sense of how analysts are interpreting market signs and what they’re expecting in the mid to long-term. I don’t have a background in economics or finance, so simple explanations would be highly appreciated. Please feel free to share any relevant articles or reports that you think might be useful.