The post BTC Price Prediction: Analyzing Bitcoin’s Profit Potential Post-Halving appeared first on Coinpedia Fintech News
Jurrien Timmer, Director of Global Macro at Fidelity Investments, offers a nuanced analysis of Bitcoin’s future trajectory, particularly in comparison to gold.
Bitcoin vs. Gold
Timmer begins the analysis by estimating the share of gold held for monetary purposes, excluding jewelry and industrial usage. Drawing data from the World Gold Council, he suggests that monetary gold constitutes approximately 40% of the total above-ground gold.
Timmer proposes that the potential market share of Bitcoin can capture around a quarter of the monetary gold market, with the latter valued at approximately $6 trillion and Bitcoin’s market capitalization at $1 trillion.
Bitcoin Halvings and Diminishing Returns
Historically, Bitcoin halvings have played a pivotal role in influencing its price. However, Timmer introduces a hypothesis suggesting diminishing returns
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