Bitcoin: Current Market Atmosphere and Future Predictions

Reporter Choi Dong-hyuk believes the current atmosphere in the cryptocurrency market is somewhat positive despite recent fluctuations and sees a potential for Bitcoin to reach around $100,000 by the end of the year.

### The Current State of the Cryptocurrency Market
The cryptocurrency market has recently experienced a significant drop in Bitcoin's price, causing concern for many first-time investors, but industry experts view the situation as somewhat positive, especially in comparison to the stock market. The approval of spot ETFs for Bitcoin and Ethereum in the U.S. has diversified the investor base and is contributing to the market's stability and potential for growth. The high trading volume of Bitcoin ETFs indicates a more diverse and stabilized asset base, with the potential for the emergence of new cryptocurrency funds, leading to a slightly more positive outlook for the flow of funds into the market.

### The Weakening Dollar, Bitcoin, and the Future of Investment
The weakening dominance of the dollar is expected to benefit alternative assets like Bitcoin. The potential election of President Trump is seen as favorable for the cryptocurrency market, while ongoing macroeconomic uncertainty is driving the narrative of interest rate cuts, which is likely to increase the demand for Bitcoin. The increasing diversity of Bitcoin holders and its comparison to gold ETFs suggest a steady upward trend for Bitcoin's price, with a reduced likelihood of a sudden drop.

### The Role of Bitcoin as a Safe Asset and Investment
Bitcoin is increasingly being seen as a safe asset, similar to gold, and is gaining recognition as a strategic asset for the U.S. government. A journalist discusses their principle of consistently buying Bitcoin regardless of price fluctuations, based on the belief that the number of Bitcoin believers will continue to increase.

The journalist diversifies their investments but allocates about half of their portfolio to Bitcoin, expressing a positive outlook on its future. They emphasize the importance of long-term investment in Bitcoin, highlighting the potential for significant gains and the futility of trying to time the market. The journalist firmly believes in the increasing demand for Bitcoin due to its limited supply, projecting a continued rise in its price and suggesting it as a valuable future investment asset for people of all ages.

### The Bitcoin Maximalist's Dilemma
Some Bitcoin maximalists plan to sell all their Bitcoin to buy a house, while others believe in its long-term potential to surpass gold. The future of Bitcoin's price rallies may not be driven by the traditional halving events, but by technological advancements and regulatory changes. The maximalist in the conversation has remained resilient through Bitcoin's price fluctuations, sticking to a consistent investment strategy and unwavering belief in the asset's long-term potential.

### The Impact of FTX Incident on Bitcoin and Investment Strategy
The FTX incident caused a significant drop in Bitcoin's value, leading to a reevaluation of investment strategies. The incident highlighted the difficulty of predicting market volatility and the importance of considering long-term growth potential. Many investors, including the interviewee, continue to have a positive outlook on Bitcoin, believing in its potential for future growth and stability. Despite the market's unpredictability, there is a strong commitment to Bitcoin investment, with a significant portion of investment portfolios allocated to cryptocurrency.

### The Impact of Timing Trades and the Future of Bitcoin
Missing just a few of the best trading days can significantly reduce investment returns, even with the right asset choices. The interviewee believes that the demand for Bitcoin will continue to increase, potentially surpassing gold's market cap in the next 30 to 34 years. They emphasize the importance of having a personal stance and selling at the right moment as the best investment choice, highlighting the role of understanding, conviction, and ultimately, finding happiness in investment decisions.

### Bitcoin's Future Beyond Halving: A Perspective on Supply, Technology, and Geopolitical Changes
The future price changes of Bitcoin may not be solely catalyzed by the halving, as in the past, due to the increasing difficulty in creating substantial price changes with the decreasing supply of bitcoins. The future of Bitcoin is likely to depend on technology advancements, geopolitical changes, and its potential role as a global currency.

The speaker's investment strategy involves consistently buying Bitcoin regardless of short-term fluctuations, reflecting a strong belief in the asset's technology and long-term potential. The discussion also touches on the impact of major events, such as the FTX incident, on Bitcoin's price and the psychological challenges of enduring significant market fluctuations.

There is a reflection on past experiences of price volatility and a discussion about the potential for future adjustments in Bitcoin's price, with the possibility of 20% to 30% fluctuations, similar to what has been seen with stocks like Apple on the Nasdaq.

### The Growing Recognition of Bitcoin and Solana
Bitcoin is becoming a more stable and less volatile asset, leading to increased recognition as digital gold and attracting more investments. Solana is also gaining positive momentum and recognition, with increasing network activity and a stable position in the cryptocurrency market.
The rising recognition of Bitcoin and Solana is likely to lead to further investment in other cryptocurrencies like Ethereum, Dogecoin, Tron, and Avalanche, causing a dispersion of assets in the market.
There is a strong belief, supported by analysis from Ark Invest, that Bitcoin could reach $100,000 to $200,000 this year, based on its expanding role in the world and limited supply.

### The Impact of Cryptocurrency Investments on Startups
Cryptocurrency values are difficult to predict, especially for altcoins, which have shown significant fluctuations in the past.
The governance issues and insider trading suspicions surrounding altcoins have raised concerns about their future and reputation.
Cryptocurrencies offer the opportunity to invest in themed startups, with AI, healthcare, NFTs, and gaming being sensitive sectors for investment.

### Investing Insights from Journalist Choi Dong-hyuk
Choi Dong-hyuk proposes a GPU-sharing network using blockchain technology, specifically the Akash network and Akash tokens. He suggests allocating 50-40% of investments to Bitcoin, 10% to Ethereum, and 10% to themed cryptocurrencies, with the remaining 30% going to the stock market and a pension. In his book, "How to Invest in Bitcoin," Choi discusses his belief in Bitcoin as an asset and shares investment strategies, emphasizing the importance of believing in the assets being invested in.

### Bitcoin and Cryptocurrency Market Analysis with Reporter Choi Dong-hyuk
* 📉  The recent Bitcoin price drop from its peak has caused concern among first-time investors, but industry experts view the **current market as somewhat positive**.
* 📊  The increasing diversification of Bitcoin investors, including the approval of spot ETFs in the U.S., is seen as a **stabilizing factor** for the market.
* 💰  Reporter Choi predicts a Bitcoin price of around **$100,000** by the end of the year, citing **macroeconomic factors** and **increasing demand**.
* 🏛️  The potential impact of the upcoming U.S. presidential election on the cryptocurrency market is discussed, with a focus on candidate Trump's **positive stance on Bitcoin**.
* 🔄  The current halving cycle is expected to reach its final stage around the **end of the interest rate cut rally**.
* 🔮  Future Bitcoin price cycles are predicted to be **less reliant on halving events** and more influenced by **technology and regulatory developments**.
* 💼  Choi maintains a long-term investment strategy for Bitcoin, believing in its potential as a **strategic asset** and "**digital gold**".
* 📈  The gradual decrease in Bitcoin's volatility as it becomes more widely recognized is seen as a **positive sign for its future as a stable investment asset**.

### The Future of Bitcoin and Cryptocurrency Investments: Insights from a Long-Term Investor
* 💰  The interviewee believes in Bitcoin's **long-term potential**, allocating about **half of their portfolio** to it and planning to **hold until it becomes widely recognized**.
* 📉  They stress the importance of **not trying to time the market**, citing the significant impact of **missing just a few of the best trading days**.
* 📈  While they expect continued upward rallies, they believe future cycles will be less influenced by **Bitcoin halving events** and more by **technology and geopolitical factors**.
* 🏦  The interviewee diversifies their investments, allocating about **10% to network tokens like Ethereum** and **10% to themed cryptocurrencies**, with the remaining **30% split between stocks and retirement funds**.
* 🔍  They highlight the importance of **thoroughly researching altcoins before investing**, especially considering governance issues like the **recent Worldcoin controversy**.
* 💡  The interviewee recommends finding assets you truly believe in for **long-term investment**, comparing it to the early investment in Apple stock depicted in the movie "Forrest Gump".
* 🌐  They see potential for further market dispersion, with investments flowing to **other cryptocurrencies** as Bitcoin gains **more mainstream acceptance**.
* 📚  The interviewee has written a book titled "**How to Invest in Bitcoin**", which explains their beliefs in Bitcoin as an asset and its **future prospects**.

"다른 것에 눈 돌리지 마라" 조정 후 비트코인 이렇게 된다. 상상도 못할 일 벌어진다 (최동녘 기자 / 풀버전)

🌕 웅달과 함께 하는 "고래 돈공부" 모임
📌 네이버 카페 - https://rb.gy/nxu5i
📌 "고래 돈공부" 신청하기 - https://rb.gy/y0y0x

🌕 JUST READ and DO IT.
"웅달 책방"과 함께 읽고, 쓰고, 말하고,
나누는 삶을 실천해 보아요.

여러분들의, 무엇보다 건강, 경제적 자유,
그리고 자아실현을 응원합니다.

🌕 웅달
현) "웅달 책방" 운영 중
전) "체인지그라운드" 창업
카이스트 경영대학원 SE-MBA 졸업
연세대학교 경제학과 졸업

🌕 비즈니스 문의 :)
cclee9@naver.com
