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This is the exact window where the rate of change of the supply growth rate gets compressed and declines by more than -4% a… Drawing comparisons to historical data, Edwards points out that if Bitcoin's post-halving returns mimic those of 2020, the cryptocurrency could potentially reach a staggering $280,000 in value within the following year.
He acknowledges that while some may argue that the returns of the 2020 cycle were exceptional, he attributes that it was subdued performance due to external factors such as China's crackdown on mining operations and significant tightening measures by the Fed.In contrast to the challenges faced during the 2020 cycle, Edwards highlights the favorable conditions expected in 2024.
He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
Source: Digital Coin News (digitalcoinnews.net)
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