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Bitcoin's Decline as a Necessary Correction Before the Next Halving

A decline in Bitcoin is a natural conclusion to another growth cycle. This shouldn't be considered a fall, but rather a significant, sustained correction necessary for future growth following the next halving! For context, Bitcoin was worth $2.22 on November 21, 2011. 🧐 The issue lies elsewhere and is quite evident. If the wealthiest 1% dominate the world, then it’s clear that companies like BlackRock and MicroStrategy are already sharing this crypto "feast" with exchanges, even before cryptocurrencies are officially accepted as the main global payment method. Once blockchain and cryptocurrencies become ubiquitous worldwide, the "pie" will be divided again, leaving humanity with the same top 1%—but now in the hands of corporate Bitcoin holders. There’s also a thought that one day, at the worst possible moment, Satoshi Nakamoto might emerge and release the million Bitcoin stored in the genesis block wallet onto the market, potentially crashing the market to level the playing field. However, this appears to be an anti-utopian idea, as it would threaten the very foundation of blockchain. If the essence of society’s struggles is resources and energy, then after 2140, when the last blockchain block is mined, an enormous amount of energy currently used for Bitcoin mining will be freed. By then, blockchain technology might require dedicated nuclear power plants or other previously unknown energy sources—science might have yet to discover. Considering this is 115 years away, all of this currently sounds utopian. 😁
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AI Analysis

The recent decline in Bitcoin is interpreted as a natural phase within its cyclical growth pattern, primarily associated with the approaching halving event. Historically, Bitcoin has experienced signi...

AI Recommendation

Investors should view Bitcoin's current decline as a typical correction within its cyclical pattern, rather than a sign of fundamental weakness. patience may be warranted until the next halving event,...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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