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Bitcoin will undergo a halving next July, dropping production to 12.5 BTC every ten minutes, which certainly won’t hurt Bitcoin’s price in the long run. This may cause miners to sell more Bitcoin holdings to maintain operations in the short-term, so there will be attrition at play. This can act as a counterbalance to the natural appreciation, at least for awhile–don’t expect BTC values to double by next fall, but I would be bullish over time on Bitcoin values. When demand, which is increasing steadily, swamps supply, prices rise over time. Growth middot; 2016 and 2017 saw steadily rising prices, with a large spike at the end of 2017. Prices declined significantly in 2018, but rebounded in 2019, although they have not quite reached their 2017 peak. Bitcoin prices in 2020 and 2021 increased dramatically, eventually shedding value substantially throughout 2022. https://btcinvfx.com/ |
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