Here are reasons that Bitcoin price will again rise in the future after the recent plunge
Twitter co-founder and CEO Jack Dorsey have shared why he believes the Bitcoin price will rise again in the future after the recent plunge.
I don’t watch the price. I know it will always gain in value over the long term as more people are able to use it.
— jack⚡️ (@jack) May 13, 2022
Jack Dorsey knows what will push the Bitcoin price up again
Jack responded to a tweet by Tom Philpott, the author of “Military Updates” in the US media and the author of several non-fiction books. Philpott reprimanded Dorsey that instead of watching and commenting “Bitcoin is burning” now, Jack tweeted about rapper Kendrick Lamar, his new album, and the upcoming tour in support of it.
Dorsey replied that he was not looking at the Bitcoin price collapsing. He is sure that BTC will always bounce back in the long term. His confidence is in the increasing acceptance of BTC because “more people are able to use it”.
Bitcoin and the entire crypto market have suffered a massive drop this month. First, on May 4, the Fed Reserve announced the biggest rate hike in 22 years, rising interest rates by half a basis point.
After a small impulse that pushed Bitcoin from the $39,000 level to the $31,000 region. The second hit came from where no one expected it to come – Terra’s UST and LUNA coins crashed.
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