Accéder au contenu principal

Waiting for Bitcoin’s Price to Crash Below $30K? You Might Be Disappointed (Expert)

TL;DR

  • Samson Mow remains a strong BTC supporter, doubting that the asset’s value could crash to $30K.
  • Bitcoin’s price slumped after the recent ETF approvals but might head north following the upcoming halving.

Patience Might not be a Virtue

Samson Mow – CEO of the development studio Pixelmatic – claimed that many investors consider buying Bitcoin (BTC) if its price dips below $30,000. According to him, though, the primary cryptocurrency is not headed that low. 

Numerous BTC proponents commented below the post that one should not wait for a specific price to increase their exposure to the digital asset. Others suggested that investors with less knowledge would get scared if Bitcoin’s value plunged to $30K and would not enter the ecosystem at all. 

Mow is known as a keen supporter of the cryptocurrency, recently envisioning that its value would reach the astonishing $1 million sooner or later. He thinks the potential astronomical rally could cause “max pain” to most people around the globe due to not hopping on the BTC bandwagon on time:

“8 billion people on this planet just missed the most important opportunity in their lifetimes to get into Bitcoin when it would’ve made a significant economic difference. They can now only work to earn BTC.”

Those willing to find out whether Bitcoin can jump to an all-time high this year, feel free to take a look at our dedicated video below:

Is BTC’s Rise Yet to Begin?

Bitcoin’s price climbed to a multi-year high of $49,000 on January 11 – a day after the US SEC finally gave the thumbs up on multiple spot BTC ETFs, including BlackRock’s application. Since then, though, the asset has headed south, reaching its current level of approximately $40,000 (per CoinGecko’s data).

The approved ETFs were just one fragment of all potentially bullish events that 2024 might offer. All eyes are now on the BTC halving (scheduled for April), which will slash the miners’ rewards in half. This reduces the supply, which could trigger a price rally for the asset (assuming the demand stays the same or increases).

The halving has historically been followed by record-breaking bull runs. Recall that Bitcoin exploded to an ATH of almost $70,000 in November 2021 (a year and a half after the miners’ rewards were last trimmed).

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).




Source link

The post Waiting for Bitcoin’s Price to Crash Below $30K? You Might Be Disappointed (Expert) appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

15 Profitable Ideas for 2023

If you’ve honed your photography skills and learned how to take high-quality photos, you may be wondering how to make money from photography. While your photography passion could just stay a hobby, if you have a keen eye for taking a great shot, you can cash in and enjoy a new income stream. Whether you’re an aspiring photographer just starting out or a professional photographer looking to bump up your earnings, this article is going to review different ways to make money from your talents online and offline. How to Make Money from Photography Online Read on to learn how to make money from your photography talents in the online marketplace. 1. Photography Blog A top way to make money with photography is to start your own website. Once you’ve learned how to start a blog , you need to create content regularly and promote your articles on social media. As traffic levels start to increase, you can monetize your site with adverts and affiliate marketing partnerships. A few ideas ...
Enregistrer un commentaire
Lire la suite

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

$3 Million Stolen In ‘Kraken’ Crypto Con

The surge in online scams has drawn heightened regulatory attention towards the crypto industry. A recent case serves as a vivid reminder of the risks involved, where a Connecticut resident became a victim of a significant scam, losing more than $3 million to individuals falsely purporting to be associated with Kraken, a well-known cryptocurrency exchange. The victim, who remains unnamed, was based in Westport and followed advice to transfer funds out of a retirement account, intending to reinvest the money in an account supposedly linked to Kraken. However, their decision led to more than $3 million swiftly disappearing into crypto wallets they could not access. Recovery Of Stolen Crypto Funds Fortunately, the victim sought help from law enforcement, and local detectives, collaborating with the state’s Organized Crime Task Force, launched an investigation. This diligent effort enabled them to trace the transactions and freeze accounts involved in the scam. While they managed to r...
Enregistrer un commentaire
Lire la suite