Bitcoin, with the recent halving event, dropped the reward per block for miners to 3,125 BTC. This situation ensured that miner revenues did not suffer significant losses for now, as transaction fees exceed rewards. Mark Yusko predicts that the increase in the value of Bitcoin will motivate investors.
Crypto Investor Predictions
Mark Yusko stated in his speech at Bitcoin Investor Day that the fair value of Bitcoin has increased from $50,000 to $80,000. He believes that this increase in value will trigger the Fear Of Missing Out (FOMO) process. According to Yusko, the upcoming rise in Bitcoin’s new fair value will lead to increased investments by traders.
We’re Still in the Bitcoin Age
Yusko compared Bitcoin to previous cycles, stating that it has not yet exceeded $20,000 and that the current price is high for many people, but it is still below the highest level of the previous cycle. In addition, the low volume of Bitcoin searches on Google indicates that the exciting days of the bull market have not yet begun.
Useful Information
Bitcoin’s block reward halved to 3,125 BTC.
The fair value of Bitcoin is estimated to be $80,000.
Investor activity may trigger the FOMO process.
Google search volume shows the increasing popularity of Bitcoin.
In conclusion, the value of Bitcoin has increased, starting a new movement in the market. Investors and market observers are carefully monitoring the start of the FOMO process and the potential rise of Bitcoin.
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