With the recent halving event, Bitcoin’s block reward has dropped to 3,125 BTC, ensuring that miner revenues do not suffer major losses due to transaction fees exceeding rewards. Mark Yusko anticipates an increase in Bitcoin’s value and its potential to spur investor activity.
Crypto Investor Predictions
During a speech at the Bitcoin Investor Day, Mark Yusko mentioned that Bitcoin’s fair value has risen from $50,000 to $80,000. He believes that this increase will trigger a Fear Of Missing Out (FOMO) process. According to Yusko, Bitcoin’s rise to a new fair value will prompt investors to buy.
Bitcoin Bull Market is Just Beginning
Yusko compared the current price to previous cycles, stating that Bitcoin has not yet exceeded $20,000, and the current price is lower than the peak of previous cycles. Additionally, the low Google searches for Bitcoin signal that the exciting bull market days are yet to come.
Useful Information
Bitcoin’s block reward halved to 3,125 BTC.
Bitcoin’s fair value is estimated at $80,000.
Investor activity could trigger the FOMO process.
Google search volume indicates the timing of Bitcoin’s popularity increase.
In conclusion, the increase in Bitcoin’s value has sparked new market activity. Investors and market observers are carefully monitoring the beginning of the FOMO process and the potential rise of Bitcoin.
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