John Sedunov, a finance professor at Villanova University, echoed this warning by stating that there’s no assurance that bitcoin’s historical performance would be repeated, “especially in light of the macro environment and potentially rising costs of mining.”
There will never be more than 21 million bitcoins due to design. This, according to supporters, produces a scarcity that adds value. Opponents typically contend that this kind of artificial scarcity produces no true intrinsic value. Jamie Dimon, the CEO of JPMorgan Chase, who has long mocked bitcoin as a worthless investment, may be the most well-known person in that camp.
Although the cryptocurrency community has positive long-term feelings regarding bitcoin, severe volatility can occur due to unpredictable events such as the halves of the coin.
Although there has been some excessive excitement surrounding the occasion, Stronghold Digital Mining CEO Greg Beard stated in a statement prior to the halving that the most recent bitcoin rallies are “much more than a fad.”
Beard stated, “Bitcoin is maturing with institutional adoption.” “Over the next two years, it wouldn’t be surprising to see a significant increase in the price of bitcoin.”
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