The movement of price index has clearly show that the price will not rise this year, is almost half a year now since the price drops, this is far beyond inflation and fiscal policy of the government, I think bitcoin is suffering heavy weight withdrawals and it might end up been this Stuart for the year.
Out of 100% of international market chats bitcoin is beneath the range price counts of crude oil, gas, gold and diamond, that's means bitcoin is far from rising soon.
What do you think?
Bitcoin is a new thing, people are still confused about what instrument to categorize Bitcoin into, that's why many countries include Bitcoin in the virtual commodity category and it will never be the same as gold, oil or whatever you call it.
Bitcoin price movements occur because of market demand and there is little government intervention, but for commodities such as gold and oil, government interference or the politics of a country really influences it, for example when Russia and Ukraine started a war, gas and oil prices rose high because of politics, it really affects the price but unlike Bitcoin, Bitcoin is a decentralized asset which means it is almost impossible to manipulate it, regarding price volatility, that is the natural nature of Bitcoin, not due to manipulation by goverments or companies.