Bitcoin Will Die at $43
According to Joseph Carson, the chief security scientist at Thycotic, the third scenario is the most likely outcome for Bitcoin. Commenting on his position, Carson said:
The most likely scenario is that
bitcoin will die; my current valuation of
bitcoin is approximately US $43 as
opposed to the hyped and manipulated
valuation.
Carson envisages a point where BTC mining would cease to be profitable thus removing the incentive for miners. There is a lot a debate on what the actual cost of Bitcoin mining is, but there is as yet no consensus on the matter. Speaking on his prognosis, Carson also sad:
Unless Bitcoin is able to become more
efficient at mining, and more stable
overall, it is likely to die. These higher
mining costs and the fact that more
retailers are failing to accept bitcoin as
payment – as they are unable to convert it
as it is too expensive – will mean the end of
it.
great
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit