A prediction regarding the price of Bitcoin is circulating these days that is rather optimistic.
However, before analyzing it, it is necessary to give it some context, otherwise it is difficult to understand why it should be regarded as particularly optimistic.
The price prediction based on Bitcoin’s cycles
Bitcoin has a fairly accurate and predictable cycle.
However, it is not a cycle related to price, or markets, but a technical one. It is in fact Bitcoin’s monetary policy cycle.
All of the world’s existing BTC (there are about 19.4 million of them) were created as a reward for miners.
Indeed, in the Bitcoin protocol, which is inviolable and immutable, it is written that initially 50 BTC created out of thin air were given away to anyone who managed to mine a block, and that this reward would be halved exactly every 210,000 blocks.
It also says in the protocol that roughly every 10 minutes a block must be mined, and thanks to the automatic change in difficulty it
We współpracy z: https://en.cryptonomist.ch/2023/05/24/bitcoin-price-prediction-some-say-160000/
