Will bitcoin critics change their tune over the next few years?

Quick take

1 minute read

• It has been an exciting week for the leading cryptocurrency and the overall crypto space. 

• Bitcoin has been able to surpass the $14,000 mark and the $15,500 key resistance level with many people predicting that it could be on its way to $16,000 in the near term. 

It has been an exciting week for the leading cryptocurrency and the overall crypto space. Bitcoin has been able to surpass the $14,000 mark and the $15,500 key resistance level with many people predicting that it could be on its way to $16,000 in the near term. According to the founder of Capriole Investments, Charles Edwards, many people who are ignoring and taking digs at the flagship coin will have changed their tune by 2023.

Edwards is a very pro bitcoin individual compared to many others in the investment space such as Peter Schiff and Warren Buffett who have been well known to compare the coin to things like “rat poison“.

Taking to Twitter, Edwards gave his opinion in a tweet highlighting that the arguments from many critics are focusing on their logical standing and their opinions in regards to risks involved with the leading cryptocurrency.

Adoption seems to be growing at an exponential rate for bitcoin this year as many institutions have been getting involved in investing in the asset. The fact that bitcoin is growing in value quickly and has been over the past few weeks pushes adoption even further.

Many people believe that the United States presidential election has had a big impact on the currency this week, it remains to be seen as to how we will react when a president is officially chosen. Joe Biden seems to be leading his team to victory whereas Donald Trump may not see a second term in office.

But outside of that, the asset is gaining acceptance everywhere. It will be interesting to see where bitcoin goes over the next few years.

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