<![CDATA[Reasons to expect Bitcoin's price to rise again following its recent drop]]>

<![CDATA[Reasons to expect Bitcoin's price to rise again following its recent drop]]> https://usagag.com/2022/05/15/reasons-to-expect-bitcoins-price-to-rise-again-following-its-recent-drop/ Sun, 15 May 2022 09:15:00 +0000 hourly 1 https://usagag.com Reasons to expect Bitcoin's price to rise again following its recent drop

I don't watch the price. I know it will always gain in value over the long term as more people are able to use it.

— jack⚡️ (@jack) May 13, 2022

When it comes to Bitcoin's pricing, Jack Dorsey has a good idea of what to expect

An American journalist and non-fiction author, Tom Philpott, sent out a tweet that prompted a response from Jack. Philpott chastised Dorsey for tweeting about Kendrick Lamar, his new album, and his impending tour instead of watching and commenting on "Bitcoin is burning."

According to Dorsey, he wasn't paying attention to the Bitcoin price's demise. As far as he's concerned, he's confident that BTC will always recover. His belief is based on the fact that "more people are able to use" Bitcoin.

This month has been a rough one for the cryptocurrency industry as a whole. On May 4, the Federal Reserve raised interest rates by half a basis point for the first time in 22 years.

When Bitcoin fell from $39,000 to $31,000, it was due to a short-term surge. Terra's UST and LUNA coins were the second to fall, and no one expected it.

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