How I Plan to Make Big Money With Bitcoin!

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Making big money requires knowledge, proper strategies, planning, and solid money management.

What is Bitcoin?
Bitcoin is a digital currency with no intrinsic value, and one of the reasons is that it’s deflationary and its supply is limited. That means that the value increases because there are very few in the world, making sense during an inflationary period like today. But with rising interest rates, they can’t borrow as much, and they have to pay back more on their loans, decreasing their purchasing power. This decrease in purchasing power is causing the price of bitcoin to fall.

What Happened to Bitcoin?
Bitcoin hit an all-time high of around $63,000. As of this writing, it has taken a steep nosedive to approximately $29,500. This price drop is because of rising interest rates and inflation which causes the value of bitcoin to decrease.

Cryptocurrencies plummeted along with stocks after the Bureau of Labor Statistics revealed that consumer prices rose 8.3% in April, slightly higher than economists polled by Dow Jones expected. This alarmed investors, prompting them to sell high-risk assets such as cryptocurrency.
The S&P 500 and, more lately, the Nasdaq Composite remains highly associated with cryptocurrencies.

“The crypto market has been under pressure,” AscendEx venture associate Michael Rinko remarked. “As the Fed continues to hike, markets are falling, and crypto follows suit. In general, this has instilled panic in the market.”

Bitcoin has dipped into the $29,000 area for the second time this week.
Analysts have identified $30,000 as a critical threshold for the largest cryptocurrency by market capitalization, warning that it could fall considerably worse if it fails to hold.

Bitcoin reached a recent high of $40,000 around last week, but it swiftly reversed the next day and has been continuously reaching new lows since.
Investors are also digesting massive news from the Terra project, whose popular stable coin TerraUSD recently plummeted.

Bitcoin hit an all-time high of around $63,000. Since then has taken a steep nosedive to about $29,500. This price drop is because of rising interest rates and inflation which causes the value of bitcoin to decrease.

A Winning Strategy For Bitcoin
I will be watching interest rates and inflation numbers. It may take a few years, but once interest rates and inflation peak, I will be buying as much bitcoin as possible. I believe these peaks will indicate a long-term reversal to the upside for bitcoin. The bitcoin price could go relatively low and present an excellent opportunity to make a lot of money! Remember to implement solid money management consistently with all investments and trading.