Edwards, drawing attention to “Cost of Production” data based on mining costs, stated that the $50,000-$60,000 range represents a strong support and value area for Bitcoin.
One of the most striking parts of the broadcast was the discussion of “quantum risk” regarding Bitcoin’s future. Edwards stated that Bitcoin core developers haven’t taken this issue seriously enough. He reminded viewers that individuals/institutions like Kevin O’Leary and VanEck have limited or withdrawn their Bitcoin allocations due to quantum uncertainty.
Despite the Ethereum Foundation making quantum security its number one priority, he expressed surprise that Bitcoin wasn’t even among its top 100 priorities.
He argued that until this risk is resolved, it may be difficult for Bitcoin to reach new all-time highs (ATH), but concrete steps towards a solution would quickly push the price upwards.
Edwards pointed out that the correlation between gold and Bitcoin has recently broken down. Referring to ratios showing gold’s performance against the S&P 500, he stated that gold is still in its early stages and could perform much better against stocks in the coming years.
Regarding global liquidity, he stated that Trump-era policies and potential Fed interest rate cuts created “a perfect backdrop” for risky assets, but that a rise in oil prices above $100 would signal danger for equity markets.
Edwards argues that the nearly 200 “Bitcoin treasury companies” (publicly traded companies holding Bitcoin) in the market are unsustainable, predicting that these companies will eventually consolidate or go bankrupt. He notes that while companies like MicroStrategy’s strategy of buying Bitcoin through borrowing might create leverage in the short term, they will eventually have to evolve their business models towards “banking/lending” in the long run.
*This is not investment advice.
en.bitcoinsistemi.com
