The Future of Bitcoin
The economics of Bitcoin has many facets. At its core you could say it is no different to fiat, government issued currency. Fiat is not backed by anything other than the fact we all agree to it having value. Bitcoin BTC has gone down a path of being positioned as a store of value. The more people who buy into that, the higher the fiat value of BTC is likely to go.
In this video we look at the recent halving or halvening as many call it. Whatever you want to call it basically amounts to a 50% reduction in the amount of Bitcoin rewarded to miners for committing their resources to secure the Bitcoin network.
Bitcoin BTC now enters new territory. Up until this halving the miners were in a position to put more BTC back into the market, now exchanges have the ability to exert more sell pressure as their fees will equate to larger amounts of BTC than the miners will generate in a sell side scenario. How this will affect the market in the coming months will be very interesting. In this video we are joined by an extremely knowledgeable panel. We have Alejandro De La Torre the VP of Poolin. Poolin mine more BTC thatn any other mining pool. We also have Leslie Daniel Chan the President of the Bitcoin Club in Singapore. Dunstan and Leslie mined their first Bitcoin in 2010. Last but not least Didi Taihuttu Bitcoin and Blockchain evangelist and the man famous for going all in on Bitcoin and Crypto rounds out this highly experienced panel. This isn’t financial advice but expert opinion. We hope you will gain some great insight into the industry especially around the ramifications of the halving and possible outcomes for Bitcoin.
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