Can we make money from Bitcoin?
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Experts say Bitcoin's price will keep rising because it's limited. Could you please explain why it might not be a guaranteed way for everyone to achieve wealth? If everyone buys in, where does all that money come from, and how would it affect the whole economy?
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Yes, bitcoin is limited and good for long-term investment, but I'm still not sure it's a short way to get rich, and this is because of bitcoin's high volatility and risk of significant price drops. Bitcoin's value is highly impacted by market sentiment, regulatory changes, and technological advancements.
If anyone buys Bitcoin, its rising price needs more and more new buyers, creating a risky bubble that could crash and hurt the economy.