$Bitcoin (BTC.CC)$ Bitcoin is poised for a significant rise,...
Bitcoin is poised for a significant rise, prompted by the following factors: (1) The supply halving, decreasing from 800 prosuction per say to 400, is an immediate factor that will likely drive prices up due to a supply shock. (2) Additionally, a doubling in hash rates signifies increased production factors. This change is crucial, as it could lead to some mining operations shutting down if they fail to meet these new production demands, further reducing supply as a secondary effect.
When considering the long-term implications of these production challenges, it appears that eventually, the weak miners might struggle to meet production goals, potentially causing a massive delay in the production of new coins and sending Bitcoin prices to skyrocket.
Bitcoin stands out for several reasons. As Michael Saylor discussed in his interview with Tucker, Bitcoin is essentially eternal as long as digital information continues to flow. It can easily transfer across international boundaries and can be fractionalized, enhancing its accessibility and utility.
Unlike fiat currency, Bitcoin’s production cannot be manipulated, and it almost costs nothing to hold.
Ultimately, iteratively, taken to nth iteration … the projected value of Bitcoin is near infinity.
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EZ_money : chart
Jooohhhn : It’s gonna dump man. Zoom out to quarterly.
GNRForeverOP Jooohhhn: I just see a lot of sideways trading and consolidation
EZ_money GNRForeverOP: you see nothing but weakness and profit taking resting on support is not a good thing
Mihriam GNRForeverOP:
Troll Hunter EZ_money: zoom out. If you do, you'll see btc is up a percentage never seen before. you should definitely keep buying gold.
I Am 102927471 :
JonathanPatton : i think that is the problem with you bitcoin guys, yall hold to long and dont know when to take profit. its all a mater of opinion but i see it falling back in the 50's by end of summer if not sooner and i mean low 50 maybe even lower back to the high 40s