The current price for the BTC is low. Look, the price I am talking about is in comparison with the price that we have seen in the last few months, so the current price which is almost 82,000 US dollars, is considered low. If we look at the broader picture for the Bitcoin adoption and how institutionals are coming forward to invein on Bitcoin, this price looks pretty much discounted. It is not any type of financial advice because it is Crypto, and things can go other way around what we plan for, so there is some sort of risk that is always involved.
Now, if we talk about adoption for the Bitcoin that is happening then it's great. We already have Bitcoin spot E T F in place, which is creating a lot of demand for the Bitcoin market, and it is also doing great. Some big companies are buying Bitcoin, and obviously, they will prefer to buy Bitcoin at the lowest price, which is now possible. Some countries are also buying Bitcoin and keeping it as a reserve for the long term, so in a way, this is also creating more demand for Bitcoin but do not forget that the supply for Bitcoin is limited.
Now the question is, if everything is creating more demand for the Bitcoin, then why is the price not going up? I would believe that the current price is not the real price and is somehow manipulated to keep it here so that the weak hands sell it off. And the people who are planning to enter crypto are those who are trying to have more Bitcoin can buy at such a discount price and they will hold for long term so they are going to make more money out of it.
Supply is an important factor with Bitcoin because no matter what happens, the supply is not going to grow. So with growing demand and keeping the supply intact, the effect will be seen on the price however, it might take some time, but that's fine because in the market, things are mostly for the long term and do not happen overnight.
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