Forget Bitcoin’s Halving — The ‘Business Cycle’ Is The Real Market Killer: An...
Bitcoin jumped about 4% in the past 24 hours, trading near $110,000. Short-term players are watching a break above $112,200 for signs of renewed strength, while long-term holders still sit largely in profit. Reports have disclosed that easing US–China tensions may help risk assets like Bitcoin in the near term, adding a geopolitical layer to […]
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Ukraine's political problems and de-facto war with Russia hit the value of the national currency badly in 2014. But the hryvnia, so Ukraine's national currency is called, wasn't the worst currency of 2014, but only the second worst. The worst currency of 2014 was Bitcoin. But the march of Bitcoin continues - the less Bitcoin is seen as a speculative currency, the easier is to realize the real unique advantages of Bitcoin and to spot potential killer apps, and the easier it will be for Bitcoin to gain momentum as a technology. That's why we should forget Bitcoin price and bet on Bitcoin....
By integrating Bitcoin into Counter-Strike, a global gaming phenomenon, ZEBEDEE proved that “skin in the game” will be Bitcoin’s killer app. The post Bitcoin’s Killer Application: “Skin In The Game” appeared first on Bitcoin Magazine.
A simple comparison shows just how much room both BTC and ETH price action have left to grow. Bitcoin (BTC) may be over seven times higher than at its last halving, but if history repeats, that number could grow another 300% and more.As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.Bitcoin: Compared to 2017, you ain’t seen nothing yetBitcoin currently trades 7.3 times its price since the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop....
Bitcoin’s price history has followed Gartner Inc.’s “Hype Cycle” model, a branded geographical presentation of a 5-step process by the well-respected computer research firm, noted Zafar Khan, CEO of RPost, a provider of electronic communications, in a recent blog. This gives some legitimacy to the idea that bitcoin and blockchain are maturing and it might be a good time to consider investing in the technologies. The blog also goes into what Khan thinks is really new about blockchain — namely that it is an open source technology — something that is useful in some situations but not others.....
A reflection on Bitcoin’s four-year market cycle—and how a healthy block space market will eventually kill it for its own good.