Bitcoin (BTCAccording to Jordi Visser, despite the fact that Q4 is usually a great quarter for cryptocurrency asset prices, there will be major corrections.
Visser said Bitcoin was part of AI and compared BTC with Nvidia. The high-performance chip maker that is now the largest 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.”
The artificial intelligence that is replacing human labor in many sectors will make traditional companies obsolete and erode their stocks. driving investors to BTCVisser predicts that the most valuable asset in the digital age will be gold.
Price of Bitcoin has been one of the most discussed and studied topics within crypto. Analysts are trying to determine the future price trend of digital currency amid rapid technology innovation, disruptive market forces, and the devaluation and degradation of fiat currency.
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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 of about $110,000. This is down 11% from the all-time record high, which was over $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
