Bitcoin (BTC), the first and largest cryptocurrency by market capitalization has been amassing tons of believers since inception.
Its emergence was in relation to serving as a safe haven and store of value for the people during the 2008 global financial crisis. Obviously, Bitcoin has since evolved beyond its initial functionalities.
The digital currency was recently named the best performing asset of the last decade. It was a title that was simply claimed by Bitcoin, considering its steady price growth since it was created.
BTC indeed started from ‘nothing’ in terms of value a decade ago. But the rise in price and value in the space of 10 years makes Bitcoin number 1 among other valuable commodities and assets, including Gold and other precious metals.
Jimmy Song Believes Bitcoin (BTC) is Building Stuff that Meets People’s Needs
Jimmy Song is a famous cryptocurrency enthusiast and educator. He’s also a developer and entrepreneur with years of experience as a Bitcoin believer.
He recently took to Twitter to acknowledge the importance of Bitcoin and how the popular cryptocurrency has been serving as the best alternative means for the people to circumvent any possible national or global financial crisis by building a safe haven that is capable of transforming their funds into assets.
He pointed out there is a real lack of good stores of value in the world, believing that Bitcoin (BTC) has conveniently occupied that vacuum to serve the people across the world.
He said, “Bitcoin is building stuff that actually meet people’s needs (there’s a real lack of good stores of value in the world) shitcoin are building stuff to justify printing money.”
Michael Nye is Bullish about Bitcoin (BTC) Over the Next 5-10 Years
Michael Nye is also a cryptocurrency enthusiast and Bitcoin fan. He recently shared his bullishness about the cryptocurrency with his teeming followers on the micro-blogging platform Twitter a few minutes ago.
He assured that he’s bullish on Bitcoin and the potential of cryptocurrency over the next 5-10 years. He, however, added that the price action now takes the least of his attention.
He said, “I’m bullish on Bitcoin and the potential of cryptocurrency over the next 5-10 years, but I don’t spend time anymore watching price action on a day to day basis. I’m not inspired by it, so you won’t see me talking about it much, if at all, anymore.”
Bitcoin (BTC) Price Action in the Market
Bitcoin (BTC) is still maintaining its most important support for the next price uptrend at the moment. There seems to be an indication that another price breakout is around the corner for the digital currency.
Howbeit, such a movement cannot be ascertained due to the nature of the cryptocurrency in relation to a price trend. At the time of writing, BTC is trading at $9,414.26, with a 1.11% price uptrend in the last 24 hours.