In a word, Bitcoin is bullish: here’s why

Photo by Ruben Sukatendel-Jack on Unsplash

Investing in Bitcoin (or any investment) is an excitingly scary journey.

I remember in my early days of day trading penny stocks, watching the feeding frenzy as hundreds and thousands of trades took place on the news of the stock’s potential in minutes.

Adrenaline coursed through my veins, and my investment shot up from 10% to 100% in the blink of an eye.

I was laughing all the way to the bank as I executed the sell order before the attention began to wane.

Those days prepared me for my journey into Bitcoin. It had been around long enough to have a track record, and my research was deep enough to know it would bounce up and down.

So, I wasn’t worried when it took its first dip after buying it. Today, that initial investment is up over 1,000%.

Why is Bitcoin in a bullish position?

Bitcoin is in a bullish position because it continues moving toward mainstream adoption.

It hit a significant stride in 2024 when the Bitcoin spot ETF (Exchange-Traded Funds) launched, crushing expectations.

It showed a traditional investment world that Bitcoin and digital assets were welcome at the global table.