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  • Writer's pictureIshfaaq Peerally


First of all, let's see the four main reasons of why Bitcoin is making a comeback.

1. The cryptocurrency is now less volatile and, therefore, more people are willing to buy and hold (HODL) 2. A volatile stock market makes more people buying Bitcoin as a hedge 3. Bitcoin price manipulation 4. Fear of missing out (FOMO)

The fourth reason is the real reason of why the sudden boom happened. Does it mean that we should invest in Bitcoin or trade it?

Bitcoin will never replace the US Dollar or any other fiat currencies or even gold, so investing in it for the long term is out of question. But we could trade it.

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