High-Return Investment or Bubble? Bitcoin Price Prediction, when asked about a potential bitcoin price over the next 6 months, Michael has a bullish view. We need to move from just speculation, and speculation is very fickle as well, especially with investors, to now real, genuine businesses, he said. As a result we have seen a stagnation of projects that are built on top of the Bitcoin blockchain as it becomes unfeasible. However, he does not believe that Bitcoin - the legacy chain - will be the chain to usher in a new age. In 6 months I think it is very realistic to have a bitcoin price between 11,000 to 13,000. In order for miners to feel truly secure and not flip-flop with their hash power, we need activity, we need genuine merchants.
Michael Hudson btchudson) Twitter
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CoinGeek Week Conference that they will now use Bitcoin SV as the supporting cryptocurrency. With an unemotional perspective, and concentrating purely on the fundamentals, you will see that Bitcoin as it stands is a network that will charge you 5 for a transaction of any size, even one as low. Its ability to solve societal issues that emerge when the traditional system starts failing. Michael supports his forecast with the fact that much of the upward trajectory we are seeing at this point is the increased flow of institutional money into Bitcoin. Bitcoin Cash offers an 8MB block, with aggressive plans to scale that up over time. Hudson also pointed to outlets such. For us, if youre building an ecosystem and youre building a business, you want the most solid, robust foundations, Hudson said.