Bitcoin’s block reward has decreased to 3,125 BTC due to the recent halving event. This situation has prevented miner revenues from suffering significant losses for now, as transaction fees exceed rewards. Mark Yusko anticipates an increase in Bitcoin’s value, which will prompt investors to act.
Crypto Investor Predictions
In a speech at the Bitcoin Investor Day, Mark Yusko stated that Bitcoin’s fair value has risen from $50,000 to $80,000. He believes that this increase will trigger the Fear Of Missing Out (FOMO) process. According to Yusko, Bitcoin’s ascent towards its new fair value will prompt investors to buy.
Bitcoin’s Booming Days are Yet to Begin
Yusko compared the current price of Bitcoin to previous cycles, noting that it has not surpassed $20,000 yet and remains below the highest level of the previous cycle for many. Additionally, the low Google searches for Bitcoin indicate that the exciting days of the boom are yet to start.
Useful Information
Bitcoin’s block reward halved to 3,125 BTC.
Bitcoin’s fair value is evaluated at $80,000.
Investor activity can trigger the FOMO process.
Google search volume indicates the timing of Bitcoin’s popularity surge.
In conclusion, the increase in Bitcoin’s value has initiated a new wave of activity 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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