Bitcoin, with the last halving event, dropped the reward miners receive per block to 3,125 BTC. This situation ensured that miner revenues did not suffer major losses for now with transaction fees exceeding rewards. Mark Yusko predicts that Bitcoin’s value will increase and this will trigger investors.
Crypto Investor Predictions
Mark Yusko stated in his speech on Bitcoin Investor Day that the fair value of Bitcoin has risen 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 upward movement towards Bitcoin’s new fair value will cause investors to buy.
Bitcoin Bull is Yet to Begin
Yusko compared Bitcoin’s current price to previous cycles and stated that it has not yet exceeded $20,000, which is still lower than the highest level of the previous cycle. In addition, the low Google searches for Bitcoin indicate that the exciting bull days have not yet begun.
Useful Information
Bitcoin’s block reward halved to 3,125 BTC.
Bitcoin’s fair value is estimated at $80,000.
Investor activity can trigger the FOMO process.
The Google search volume shows the timing of the rise in Bitcoin’s popularity.
In conclusion, the value of Bitcoin has increased, igniting 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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