Bitcoin's value has skyrocketed, with the upcoming "halving" adding to the excitement. The halving reduces the production of new Bitcoins, potentially boosting prices due to reduced supply. Experts debate the halving's impact, with arguments for further price hikes due to increased demand and institutional adoption, but also caution against historical volatility and skepticism about Bitcoin's long-term viability. The discussion also considers Bitcoin versus gold as an investment option, highlighting their different characteristics.
Bitcoin has dipped due to profit-taking and less hype around ETFs, but experts believe it has growth potential. ETFs have brought in billions, indicating strong demand. Bitcoin could rise to between $170,000 and $340,000 over time due to factors like inflation protection. Experts also note Bitcoin's potential to decouple from risky assets, as it has shown resilience despite market downturns.
