Bitcoin – The new BitcoinBTCAccording to Jordi Visser, a market analyst, the crypto assets prices will likely experience major corrections in Q4, even though it is usually a strong quarter.
Visser said Bitcoins are part of AI, and that BTC is similar to Nvidia. Nvidia has grown into the most popular computer chip company in the world. most valuable publicly traded company And the first publicly traded company to achieve a value of over $4 trillion. Visser said:
“I just want to remind people that Nvidia is up over 1,000% since ChatGPT’s launch. During that time period, which is less than three years, you’ve had five corrections of 20% or more in Nvidia before it went back up to all-time highs. Bitcoin’s going to do the same thing.”
Artificial intelligence will replace human workers in more and more industries, destroying traditional businesses and making stocks obsolete. driving investors to BTCVisser predicts that the most valuable asset in the digital age will be gold.
Market analysts try to predict the price path of Bitcoin amid rapid technological innovations, disruptions in the market, and devaluation of fiat currencies.
Related: Bitcoin’s ‘biggest bull catalyst’ may be the next Fed chair pick: Novogratz
Bitcoin Performance Slows Down: Analysts’ Concern
Gold and stock prices are a focus for analysts hit new all-time highs Bitcoin remains at a price near $110,000. This is down about 11% compared to its highs of more than $123,000.
Investors disagree on whether BTC can reach new heights in Q4, bringing it to $140,000. Or, if recent declines represent the beginning of a long-term bear market. could take BTC’s price down to $60,000.
Some analysts have become less optimistic due to regulatory obstacles and the inability of the United States government to make progress with a Bitcoin reserve that would grow through market purchases.
Some analysts had predicted previously that US government purchasing of BTC as part of a national Bitcoin Reserve would have a significant impact on the digital currency’s price in 2025.
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Source: cointelegraph.com
