The cryptocurrency Bitcoin reached a value of $73.257 yesterday on wednesday. This is another high mark!
The current value of all Bitcoins is 1.44 trillion dollars, that alone exceeds the value of all the silver ever mined. Since the beginning of 2024, the value of the cryptocurrency has increased by a good 60% against the dollar.
In April 2024, the next so-called halving is scheduled to occur. During this event, the issuance rate of new Bitcoin units is reduced by halving the reward for mining Bitcoins. This happens approximately every four years and has historically led to significant price increases. The last halving event took place in May 2020.
Do you think that this value will remain so high or that it will crash again like in November 2021?