Bitcoin Would Go ‘Ballistic’ Based On This
Woo’s analysis delves into the profound implications of the estrela bet:impending Halving, particularly regarding Bitcoin’s supply dynamics. The cryptocurrency experiences an annual supply growth rate of 1.7%, which will be halved to 0.85% following the upcoming event.
This reduction favors Bitcoin’s supply growth rate compared to traditional assets like gold, which boasts an annual supply growth rate of approximately 1.6%.As the USD supply growth trends back to a standard range of 5% to 10%, Woo anticipates a momentous surge in Bitcoin’s price, driven by its inherent scarcity and estrela bet:growing recognition as a hedge against inflationary pressures.
10 days to the halvening… ‘s annual supply growth drops from 1.7% to 0.85%. This beat’s gold’s number of 1.6% (gold supply doubles every 44yrs) USD is -1.7% right now in its fight against inflation. Normal range is 5-10%, when it reverts, BTC goes ballistic. — Willy Woo (@woonomic)
Diverging Perspectives On BTC Trajectory
While Woo’s bullish forecast sets an optimistic tone for Bitcoin’s future, recent from a consumer survey conducted by Deutsche Bank present a more nuanced perspective.These individuals anticipate Bitcoin’s value to plummet below $20,000 by year-end, representing a stark deviation from the prevailing estrela bet:bullish sentiment.
Adding to the discourse, Authur Hayes, co-founder of BitMEX, offers a diss♚enting view characterized by a bearish outlook on Bitcoin’s post-halving performance. In a comprehensive analysis shared via a , Hayes outlines his concerns regarding the potential for a significant price decline after the halving.
While many analysts anticipate a bullish rally during the halving period, Hayes posits a scenario in which Bitcoin experiences a more subdued trajectory, emphasizing the need for careful consideration amid heightened market volatility. Featured image from Unsplash, Chart from TradingView