In an interview with ET, Edwards says the reduction in supply bitcoin rate news Bitcoin along with high inflation rates could auger well for digital currencies. What is your outlook for Bitcoin?
Bitcoin hits record high on 12th anniversary of its creation
Any price target or estimate as to how the asset will perform in the year? A number of factors are aligning for Bitcoin right now: Supply side crisis from Bitcoin halving causing rapid price appreciation.
- In an interview with CNBC on Wednesday, Lee said bitcoin could quadruple in as the crypto asset experiences a similar parabolic setup that occurred in
- Share via Email The price of bitcoin is rising as more investors see the cryptocurrency as a store of value.
- Bitcoin Price (BTC/USD): BTC Live Chart, News & Analysis
Perfect storm in the Macroeconomic environment. All time high breakouts which Bitcoin just had in December usually lead to further price appreciation. An event that only happens once every 4 years for Bitcoin.
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So far, the last 6 months have fit that bill perfectly. I go into with great confidence the next 12 months will be no different.
The return potential for Bitcoin in is incredible. What is your advice for people who are bitcoin rate news to try their luck in cryptocurrencies? When I was new to cryptocurrencies and interested in getting started, I started by doing a lot of reading and buying a small amount of Bitcoin.
The process of buying, sending and storing Bitcoin is a great learning experience in itself, and really helps to understand how the currency works. From there, each person will need to determine the appropriate amount and way to invest in Bitcoin.
This approach reduces the impact of large downdraws and has historically achieved great returns.
What are the key challenges you see for Cryptocurrencies in the next one-two years? There are only two challenges I consider for Bitcoin over the coming years: Sooner or later governments will realize that Bitcoin is not a gimmick.
It is a fundamental challenger to all fiat currencies. I expect we will receive announcements over the coming years of Bitcoin replacing a number of small country currencies. As Bitcoin grows, into the multi-trillion-dollar market capitalization in and beyond, this perceived threat will grow clearer to larger countries. Hacking of the Bitcoin blockchain is also broadly a risk.
Again this risk is small today. Read More News on.