Over the past five years,we know bitcoin has plummeted more than 40% on four separate occasions.In 2024,We see this grand occasion again. And also,Ethereum Maybe Could Top $14,000 Next Year Alongside Bitcoin Boom(Standard Chartered) So what's driving the bitcoin surge? The halving occurs every four years, cutting the reward for mining new blocks in half. The next halving will reduce rewards from 6.25 to 3.125 BTC. Historical Price Impacts: 2012 Halving: Bitcoin's price surged approximately 9308% in 13 months. 2016 Halving: Saw a 2861% increase over 17 months. 2020 Halving: Resulted in a 620% increase in 11 months. Based on some napkin math the BTC can reach a 162% price increase post-halving, with the peak expected around 420 days (14...
Charlie Munger, Buffett's long-time partner and vice chairman of Berkshire Hathaway, died on Tuesday at the age of 99. Regardless of his stance on Bitcoin (the aphorism-loving, bitcoin-hating sage behind Warren Buffett), with Munger’s passing, this is definitely the end of an era. I loved listening to him talk and I still own every edition of Poor Charlie's Almanack.If people investing in Bitcoin consider themselves investors, then they should consider what Munger and Buffett are doing, as they are the ultimate long-term holders.Munger is known for his significant contributions to the investment community and his work with Buffett at Berkshire Hathaway. At the same time, he is also one of the most outspoken critics of Bitcoin and cryptocurrencies."New financial...
Millennials are turning to alternate investments amidst economic distress, with 43% of them making different financial investments between October 2022 and March 2023. One of the most preferred different investments among millennials are cryptocurrency, collectibles, and gold. The uncertainty of the securities market and the capacity for loss have actually led millennials to look for diversity through alternative investments.
2013-14 bull market featured alt coins and gpu mining. 2017-2018 featured ETH, ICO's and to some degree forking. 2020-2022 was NFT's and ETH layer 2's or alternative chains. Where do we go next? Maybe as I said before,Bitcoin is the Lord of the Rings. When I started with crypto in 2013 I was taking a small gamble as I was (relatively) young and in good health. I was single, living paycheck to paycheck and managed to scrap together money to acquire some mining rigs. I've never exited since. The mining rigs turned inefficient and were shut down around 2019. Currently I'm an old man with a considerable amount of my individual wealth still invested. 90% of the tasks I've...
How much gold is currently mined worldwide? Buffett, the most successful investment tycoon, once said: "If the world's gold were melted together into a square, its side length would only be about 20 meters." Is there really so little gold in the world?and is it so difficult to mine gold just as mine bitcoin?Current global gold mining volume:Since ancient times, humans have been very familiar with gold. It is one of the earliest metals discovered and used by humans. There are written records of the production and use of gold in ancient Egypt. During the Warring States Period in my country, gold was circulated among the upper classes. Gold has been used by humans to this day. It has a history of more...
