Cryptocurrency Q&A
Will bitcoin go down in the next Ice Age?
Will bitcoin go down in the next Ice Age?
Federico
Wed Jul 10 2024
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5 answers
1133
With the ever-changing landscape of cryptocurrency and its volatile nature, it begs the question: Will bitcoin go down in the next 'Ice Age'? The term 'Ice Age' here is used metaphorically, referring to a potential period of significant market downturn, similar to what we've witnessed in previous financial crises. Will bitcoin, the king of cryptocurrencies, be able to withstand such a tumultuous period? Will investors panic and sell off their holdings, driving the price down? Or will bitcoin's decentralized and finite nature act as a bulwark against such market fluctuations? As we continue to navigate the uncharted waters of the crypto world, the answer to this question remains to be seen.
5 answers
IncheonBeautyBloomingRadianceGlow
Fri Jul 12 2024
Dolev predicts that the price of bitcoin could plummet significantly in the next crypto "ice age".
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Maria
Thu Jul 11 2024
According to his estimation, the price may drop as low as $20,000, representing a substantial 69% decrease from its current value.
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BlockchainBaronGuard
Thu Jul 11 2024
Despite the current positive performance of bitcoin, Dolev remains skeptical of its long-term prospects.
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Valentino
Thu Jul 11 2024
He believes that bitcoin lacks fundamental yield support and its current popularity is largely driven by the fear of missing out (FOMO).
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Alessandro
Thu Jul 11 2024
Dolev's prediction underscores the volatile nature of the cryptocurrency market and the need for investors to exercise caution.
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