The Bitcoin price in Pakistan breaks all precious records as it is reached at over 34,000 US Dollar (PKR 5,450,951). Bitcoin hit the historic high value yesterday and touched $34,000 for the first time.
The global price of Bitcoin has significantly increased in the last few years. Some believe that if the growth rate continues than it will hit $100,000 at the end of year.
On the other side, some are expecting the repetition of events that have occurred in 2018. However, the Bitcoin price in Pakistan and all around the world has seen a sharp decline in that year.
The renowned economist Nouriel Roubini said that �the higher they bubble, the harder they will fall once the criminal Tether manipulation is crashed & FOMO driven retail/institutional suckers get burned hard as in 2018. The parabolic rise in BTC has no fundamentals�.
We can say that it won�t come as a surprise if Bitcoin faces a healthy correction in the short term. However, with as the demand from non speculative and professional investors poised for adjusting the financial stream within the crypto market fold, the long term investment can bring better result.
.){kind=link}