Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Chart Market Capitalization of Gold and Bitcoin, in USD bn Regardless, I do know that you cannot be a seller of Bitcoin anytime soon as it is so strong, and therefore you need to look at it through the prism of a market that will eventually break out, and take advantage of any pullback in order to join the market. It’s not until we break down below the $35,000 level that I’d be concerned about a pullback being important.
While it's unlikely that Bitcoin will go to zero, like any investment, it comes with risks. The value of Bitcoin can be affected by many factors, including changes in regulations, security issues, and market sentiment. However, Bitcoin has a large and growing network of users, investors, and businesses that support its value. It's important to remember that Bitcoin is a decentralized currency that operates independently of governments and financial institutions. This can lead to increased volatility, but it also offers greater control and freedom to its users. Other Considerations The previous chart can be a bit frustrating. It is indeed hard to study the evolution of the bitcoin in this graphic since the price ranges between 7,500 and 10,000 dollars in this period, when the Y axis ranges between 0 and 10,000. In this case, it is a good practice to cut the Y axis to zoom on the variation. This subject is subject to many debates in the dataviz community and you can read more about it in the dedicated page.