The price of Bitcoin is likely to go up as only profitable miners might continue mining. Bitcoin is not going to stop. Many investors will realize the goodness of immutable freedom, and they will make it to the Bitcoin market either as miners or investors. It is not possible to mine Bitcoin with political power.
Several of them who have the power to invest and under self-isolation are choosing to double their Investment in BTC.
Sydney Ifergan, the crypto expert, tweeted: “#BTC might not be the best form of #money. With money getting printed like anything, the #Bitcoin scarcity sells. Though not a fairy tale thing, despite ups and downs, Bitcoin is surviving the crisis, establishing belief.”
Those who are not sure of the direction of progress are waiting for the confirmation of the trend, and they are avoiding overtrading. For some, it continues to be a gamble, for some a passive income.
A calculation from a crypto enthusiast reads thus: “To maintain $7000 since Oct 2017, Bitcoin must have had about $400M new cash inflow every month last 2.5 years! (30d x 24h x 6blocks x 12.5btc x $7k assuming all trading is zero-sum game) After the halving, we only need $200M per month to keep $7k level. If $400M stays, then rocket!”
While the above perspective sounds interesting, Counterclaims question on how it will be possible to pay 2.7B a month to sustain the target of $100K USD. “How do you think we’ll achieve these inflows of cash?” The inflows of cash matters.
It is very easy to explain why Bitcoin is valuable than fiat money. The potential yes, but in a real-time world, it is fiat that keeps making things move now. On paper, the potential of Bitcoin is very well explained. A lot of logic and contra arguments have made their way to the market.
Retail investors in the current scenario are desperate for cash. So, they might not contribute to the needed cash flow. The sentiments of new investors are something we are not sure of. Where will potential buyers with money come from in the current scenario? Perhaps, it will be possible, but not immediately. Things will take time to get adjusted.
Anyone with any percentage of Bitcoin in their investment portfolio will sure benefit from it. The drop around halving will surely occur, and it is showing; however, a higher price for Bitcoin is imminent, and therefore it is valuable.
Steven is a technology-focused writer with a strong interest in emerging digital trends and innovation. With experience spanning both travel and online projects, he brings a global perspective to his reporting and analysis. His work reflects a practical understanding of how technology, markets, and digital platforms intersect, offering readers clear insights into developments shaping the modern tech and crypto landscape.
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