The deflationary nature of Bitcoin, through its “halving” events, also encourages these price increases over time. Despite market turbulence, Bitcoin’s deflationary nature results in price appreciation for long-term investors.
If BTC plunges to $12,000 or below, it may not be profitable for miners to run the ecosystem. That would mean transactions no longer get processed, a problem that could cripple the industry. , GameFi, nonfungible tokens , decentralized autonomous organizations , Web3 startups and a number of far more lucrative investment mechanisms. Getting involved in Web3 and DeFi requires purchasing ETH, not BTC. Many assume that because people will become “more interested in DeFi,” BTC will rise. This is unfounded.
The idea is that there is a neatly inverted line between the collapse of the fiat infrastructure and a rise in the BTC price, where more volatility equates with more price increases. When the world crashes, the decentralized community will simply “fill the void.”
Source: Digital Coin News (digitalcoinnews.net)
Is there anyone who will ignore Bitcoin at this point? A currency that will unite the world is always needed. What currency has verified it?
This Ford T prototype and non green energy guzzler, is going to $1k when the time is right for the big boys to siphon out the money. Leaving retail with the ponzi!
I will believe if Tesla again accepts BTC as a means of payment for the purchase of Tesla units.
I only believe my personal analysis on Bitfinex
MetaIsland too, check MetaIsland_gg or
bitcoin pegged to dxy and sp500 now, so sorry for hedge inflation scheme - its gone since 2018, every 1% move influenced bitcoin to move 3x - 5x
I am Singing Praises to the Bullish Rally
Bitcoin managing to stay as high as $3,500 would be optimistic. $3,400 is more likely. The $BTC 💩 filthcoin is merely a gimp on the S&P 500 Index's leash - and we're entering a recession.