The integration of Bitcoin as a payment system, or even as an asset class, will not be possible without technological advancements in its ecosystem. While Bitcoin futures may not necessarily track the price of Bitcoin, experts suggest that they will follow the general trends of current cryptocurrencies. In the past week, Bitcoin and other cryptocurrencies have seen a sharp fluctuation in their prices, with Bitcoin dropping significantly before suddenly rebounding. Halving is an algorithmic process in the Bitcoin mining process that reduces the reward for mining Bitcoin transactions by half.
This process occurs every four years and is a step towards creating scarcity and increasing the value of Bitcoin over time. As with any other asset, news related to Bitcoin, cryptocurrency exchanges, and blockchain technology can affect its price. The total number of Bitcoins in circulation is limited to twenty-one million, so supply and demand will create scarcity and increase its value over time. Masterluc is an anonymous Bitcoin trader who is well-known for his accurate predictions of Bitcoin prices.