This year is a difficult start for Bitcoin. The price of Bitcoin has stayed at around $40,000 in recent weeks, but recently it ushered in a breakthrough, once rising to over $47,000. In March, the market surged after Biden's new executive order on cryptocurrency was issued. The order instructs government agencies to coordinate the strategy of supervising cryptocurrencies. Encryption experts say that in the long run, it can bring more stability to the cryptocurrency market.

Besides, due to the Russian-Ukrainian conflict, Bitcoin also experienced frequent fluctuations. In the ups and downs, the current price of Bitcoin is far from the latest all-time high set last November, when it exceeded $68,000. But even with the recent price drop, the value of Bitcoin is still more than twice that of a few years ago.

For Bitcoin, this kind of ups and downs is nothing new. Over the years, the price of Bitcoin has maintained a volatile growth. Bitcoin investors have always been curious about how high it will eventually rise. But the price of Bitcoin is extremely difficult to predict, and it is more susceptible to market factors than mature asset classes. At the end of last year, many voices thought it would reach $100,000, but it fell back from the latest peak in November. With the sharp drop of Bitcoin, the prediction became more difficult, but people still enjoyed it.