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This market doesn’t make any sense right now. Inflation... Related Articles Forks are the points where software is copied and modified, resulting in two chains with a shared original chain. There are two types of forks–soft and hard forks. Soft forks are upgrades that still allow un-upgraded nodes to interact with upgraded nodes. Hard forks are upgrades that do not allow un-upgraded nodes to interact with upgraded ones. Bitcoin Cash is an example of a hard fork of Bitcoin.
People who’re saying that BTC will hit $100k and more are totally gone mad. Of course, Bitcoin price after halving may skyrocket but such jump seems pretty impossible for me now. The most possible scenario is that Bitcoin price will increase steadily like LongForecast says. Bitcoin Dipped Below $22K But Bulls Might Be Preparing Another Push Higher (BTC Price Analysis) The asset was worth $18,975 at 9:00 p.m. UTC on Jan. 12. That price represents a gain of 8.05% in one day, as the asset was priced close to $17,561 just 24 hours ago.
Bitcoin scarcity alone is a major draw for many investors and Bitcoin proponents, but it has other benefits that can add to its intrinsic value. For other proponents of Bitcoin, what gives it value is the ability to transfer large amounts of value at a relatively low cost as compared to traditional alternatives. While it can be relatively expensive to send a small amount of BTC, it’s also possible to send millions of dollars’ worth of BTC to any other Bitcoin-compatible crypto address for a relatively minimal fee. Did you find this article insightful? U.S. Economy » Bitcoin Price