Now that Bitcoin has successfully broken through the $8,000 mark, a lot of people are asking whether or not it’s time to invest in the cryptocurrency or any other digital money. The answer to this question is complicated since a simple yes or no will not suffice.
Some wealthy individuals such as Warren Buffet, one of the most successful traders in the world, view Bitcoin as something negative. Buffet even called it rat poison squared at one point, Time reported.
So is this an indication that people should stay away from Bitcoin? The answer is no. While there is no denying that Buffet is a highly accomplished trader and investor, the man isn’t infallible. He admitted this himself when he said that he didn’t count on Jeff Bezos to see the success that the Amazon founder is currently enjoying.
It’s important to understand that when entering the world ofBitcoin, people are essentially gambling with their money. There’s no way to predict what will happen on the crypto market, and even those who are deeply involved in this industry have made false predictions in the past.
Ran Neu-Ner, host of CNBC Africa’s "Crypto Trader” and founder of OnChain Capital, said last month that he was betting on Bitcoin falling to the $5,350 level. But as the numbers are showing now, the complete opposite happened. As it stands, Bitcoin is trading at $8,238, higher than its value yesterday, $8,000.
If someone does want to invest in Bitcoin, they shouldn’t pay attention to these predictions and what news outlets are saying but observe what the data is showing. This is because of something called the availability heuristic.
The availability heuristic is a psychological tendency that compels people to be biased towards what the latest news is saying. This can be detrimental to the healthy decisions of a person, especially if that person is trading on the crypto market.
Right now, crypto-tracking sites are saying that a price correction will soon take place for Bitcoin as the bull’s momentum is slowly weakening and the bears might strike again. But again, this is not a certainty and traders should conduct their own research to make informed decisions regarding what’s best for their crypto investment.


TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand
Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation
SoftBank Shares Slide as Oracle’s AI Spending Plans Fuel Market Jitters
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges
SUPERFORTUNE Launches AI-Powered Mobile App, Expanding Beyond Web3 Into $392 Billion Metaphysics Market
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 



