Bitcoin – The new BitcoinBTCAccording to Jordi Visser, despite the fact that Q4 is usually a great quarter for cryptocurrency asset prices, there will be major corrections.
Visser has said that Bitcoin is a part of AI and compares BTC with Nvidia, the high-performance chip maker which has been the most successful 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’s performance is slowing down, according to analysts
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% since its peak of $123,000.
Investors differ on the possibility of new highs, which could push BTC up to around $140,000 in Q4, or whether the recent drop represents the start a longer bear market. could take BTC’s price down to $60,000.
Analysts have been disappointed by regulatory hurdles, and the slow progress in creating a Bitcoin Strategic Reserve that is built up through regular 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 price for digital assets in 2025.
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Source: cointelegraph.com
