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Bitcoin maximalist Fred Krueger recently made a bold prediction about the future of bitcoin compared to the US dollar (USD). He believes that within the next 12 years, Bitcoin will be 100 times more efficient than the dollar.
This prediction is based on the major difference between the policy surrounding bitcoin and that of the US government debt. Krueger emphasizes the importance of the bitcoin halving, an event that significantly reduces the new supply of bitcoin. After the halving, the new supply will be only 0.8% per year, which Krueger considers a small compensation for the security of the network.
In a recent interview with CNBC, Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, shared his positive view on the future of bitcoin. He thinks bitcoin could be worth at least $170,000 within 18 months of the next halving. But what exactly are his insights that make him think this, and what is the influence of the US dollar on this view?
Scaramucci highlights bitcoin’s impressive growth, up more than 800% since January 2020, while the US dollar has lost almost 22% of its value over the same period. He also notes that more than $10 billion has flowed into bitcoin ETFs in just three months, a milestone that took gold ETFs a year to achieve.
Market insight platform Santiment shows that there is a positive signal for bitcoin (btc) based on historical data. Despite the cryptocurrency’s price having risen nearly 150% since October, it appears to be losing momentum. However, Santiment notes that historically, when there is less long-term optimism among the public, the likelihood of a continued market rise increases.
The company notes that market sentiment towards bitcoin and the broader crypto markets has been shaky, especially after a significant correction three weeks ago. With the Bitcoin halving just two weeks away, trader sentiment is characterized by fear, uncertainty and doubt (FUD), along with bearish expectations.
Source: https://bitcoinmagazine.nl/nieuws/opmerkelijke-voorspellingen-van-analisten
