Nevertheless, I will say congratulations to those investors who risked their money during the bear market in 2022, and accumulated some Bitcoins at that time. If you bought at the bottom or near to it, you already doubled your money in just one year. I mean which investment doubles your money in only 1 year? Stocks on average gives only 7-8% per year and other assets give below 7%.
It's not the risk, it's the mental fortitude as well to buy the dip during the November crash in 2022 due to the FTX collapse. Because if you don't have the mental toughness, you might have sold and lose hope that time as the market goes down to $15,500 and there are a lot of doom sayers that Bitcoin is done.
But after that, 2023 was a good year, we have like 150% or more increased from the collapse.
And up to the opening of 2024, we are still moving forward after the New Year.
That is true, I think that it is going to keep going higher and higher, in 2025 it will continue to go higher, so I think 2024 will end in a situation where it is not really all that crazy, it is going to be quite good and it is going to be a decent increase but not to the peak, we are not going to peak at 2024, I believe that we are going to peak at 2025 and that means 2024 has to end at a good but understandable level.
I believe that under 100k is the way to end, something like 60k to 70k would be lovely, it would be both up and would make us happy, but it would also be something that we could care about as well, it would be something that has the potential to keep growing even more during 2025 which is why I am holding for long term.
