Is Bitcoin headed for $1 million in the year ahead? Let's hope not, because it would spell trouble for wider markets.
The deflationary nature of Bitcoin, through its “halving” events, also encourages these price increases over time. Despite market turbulence, Bitcoin’s deflationary nature results in price appreciation for long-term investors.
If BTC plunges to $12,000 or below, it may not be profitable for miners to run the ecosystem. That would mean transactions no longer get processed, a problem that could cripple the industry. , GameFi, nonfungible tokens , decentralized autonomous organizations , Web3 startups and a number of far more lucrative investment mechanisms. Getting involved in Web3 and DeFi requires purchasing ETH, not BTC. Many assume that because people will become “more interested in DeFi,” BTC will rise. This is unfounded.
The idea is that there is a neatly inverted line between the collapse of the fiat infrastructure and a rise in the BTC price, where more volatility equates with more price increases. When the world crashes, the decentralized community will simply “fill the void.”