Is now the time for crypto investors to invest in Bitcoin (BTC) or remain on the sidelines, as uncertainty grips the market?

Most of the top cryptocurrencies experienced extreme volatility in the previous year. Many top tokens, including Bitcoin (BTC), reached all-time highs but also experienced significant drops. Unfortunately, 2022 has seen more drops than rises for cryptocurrency investors.

Could Bitcoin break through the $69,000 barrier and reach all-time highs this year? Is the bear market in risk equities too strong?

Let us talk about it.

Bitcoin continues to pique the interest of experts

Bitcoin has recently been on a roller coaster ride. However, over the last month, this top cryptocurrency has shown signs of life, surging above the $45,000 mark two weeks ago. Some recent investors may be getting antsy with Bitcoin's price action, which is now back below $40,000 per token.

However, various cryptocurrency experts who take a long-term view on Bitcoin appear to be bullish on this token. A number of high-profile talking heads on the subject, from Cathie Wood to other high-profile analysts, have commented on price targets ranging from $100,000 to $1 million by 2030.

Those are some bullish perspectives

The majority of this enthusiasm stems from the belief that Bitcoin could displace some of the institutional capital flows that typically flow into gold or other safe-haven assets. As inflation rises, "safe-haven" bets are expected to gain traction. Many people are wondering whether Bitcoin is a safe-haven asset.

Other factors that investors should consider

Aside from the comparison to gold, there are a few other considerations for investors when it comes to this top token. Because of the way Bitcoin's supply is structured, there is a scarcity argument that is frequently made. There is a maximum supply of only 21 million Bitcoins in the world. As a result, increased mining costs, similar to gold or other physical assets with limited supply, contribute to the underlying value of these tokens.

However, Bitcoin's increased correlation to risk assets such as equities has some investors concerned. As the stock market has recently plummeted, particularly for highly valued equities, Bitcoin has followed suit. For those looking for a market hedge, Bitcoin has not delivered the fundamentals that many expected to be prevalent recently.

Finally,

Should investors expect another surge to all-time highs this year? On this issue, I believe the jury is still out.

There is a lot of uncertainty in the market, which Bitcoin appears to be tethered to lately. That is not a good thing.

However, in the long run, Bitcoin has proven to be a profitable investment. Perhaps Bitcoin bulls will continue to be rewarded.

For the time being, I am staying away from Bitcoin. However, this is a top token on my watchlist right now, and I'll continue to monitor it as it rises and falls in the future. After all, that's the nature of the crypto space.

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