A 51-year-old single woman explains she has managed to acquire one bitcoin and intends to hold it despite market volatility.
She says she does not want to cash it in, as she does not think the crypto market is not bubblish.
She recalls buying bitcoin when it was near $48,000 and watching it fall to about $16,000, and notes that despite the downturn, those who have ridden the storm are buying furiously.
She emphasizes bitcoin’s limited supply and decentralization, noting it is not controlled by a single organization.
She adds that a big drop has historically preceded a substantial pump, and some observers forecast a move toward $200,000 by year-end.
She points out that banks and nation-states have begun buying bitcoin alongside exchange-traded funds.
She suggests that some investors are trying to push the price downward to accumulate more, in an effort to scare weaker hands.
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