Bitcoin first caught my attention in 2016 when I saw an author asking for donations in it. I got curious and read one sentence: “Bitcoin is a peer-to-peer electronic cash system.” I misunderstood it, thinking it worked like regular online payment systems. Then in 2017, the ICO boom happened, but I still didn’t take the time to really learn about it.
At the time, I thought Bitcoin was too expensive and didn’t realize I could buy just a small piece of it. These misunderstandings cost me a lot.
So, my advice is: don’t worry about the price at first—take time to understand how Bitcoin works. In the crypto world, there will be moments when your knowledge of Bitcoin will really be tested.
Bitwise, a leading name in crypto asset management, has unveiled its ambitious 2025 price predictions for major cryptocurrencies:
Bitcoin: $200,000
Ethereum: $7,000
Solana: $750
For additional insights, read the full article: https://bitwiseinvestments.com/crypto-market-insights/the-year-ahead-10-crypto-predictions-for-2025
One strategy that has worked for me is buying Bitcoin and holding it for years. Many people view Bitcoin as a get-rich-quick scheme, but in reality, it’s a powerful savings technology. Its inherent design empowers ordinary individuals to save without the fear of inflation or government interference devaluing their currency. While gold has served as a store of value for centuries, it has limitations like lack of portability and divisibility. Bitcoin addresses these issues and is emerging as a superior alternative to gold as a store of value.
While people are afraid of bitcoin correction MicroStrategy has acquired 18,300 BTC for ~$1.11 billion at ~$60,408 per bitcoin and has achieved BTC Yield of 4.4% QTD and 17.0% YTD. As of 9/12/2024, we hodl 244,800 BTC acquired for ~$9.45 billion at ~$38,585 per bitcoin.
Wall street journal is explaining difference between this crypto market and market in 2021. All lot has changed now.
Bitcoin may look boring as there is no major price action happening. It is consolidating in 65-70K range. But, we should also look at the demand of Bitcoin ETF. Total of 12600 BTC was purchased on 4th June using Bitcoin ETF. As the demand of Bitcoin is sky rocketing, price appreciation will follow.
Bitcoin halving is finally approaching. Block halving events occur every four years or after 210,000 blocks on the Bitcoin blockchain. Initially, Bitcoin’s block reward was 50 BTC. Presently, the block reward stands at 6.25 BTC, with the next reward set to decrease to 3.125 BTC. This systematic reduction in rewards decreases the pace at which new Bitcoins are created, as the halving process is pre-programmed into Bitcoin’s underlying code. Historically, the halving has brought a big bull run in Bitcoin history. In last cycle, Bitcoin had halving on May 2020 and the price was 8602 $. It reached 56 705 $ after a year. I think this time is no different and there will be bull run around. Act accordingly.
Bitcoin has breached 70k level and inching towards 72k. Generally, after breaching previous all time high it does for price discovery. Historically, this time Bitcoin goes nuts and runs hard. Get ready for some volatility
