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Bitcoin in 2140: Price of Just 1 Satoshi May Be Unbelievable

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  • Yuri Molchan
    📰 News

    A crypto analyst warns that by 2140 the block reward will total only 1 Satoshi and may cost a great deal, so investors had better hold even that little of Bitcoin

Bitcoin in 2140: Price of Just 1 Satoshi May Be Unbelievable
Cover image via 123rf.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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A crypto analyst @themooncarl has posted a scheme of Bitcoin block reward diminishing over the years far ahead. He points out that in 2140, miners will receive only 0.00000001 Bitcoin (1 Satoshi) for each new block. By that time, he assumes, 1 Satoshi may cost a lot of cash, and Bitcoin will moon, so make sure you stack Satoshis, he says.

The same analyst previously made a bullish BTC forecast, referring to the fact that Bitcoin was in the Falling Wedge pattern which was likely to reverse BTC North.

Still, despite the bold forecast for the distant 2140, things are looking bearish for Bitcoin right now.

BTC price on CMC
Image via CoinMarketCap

Current Bitcoin price decline

Earlier today, the Bitcoin price dipped below the $8,000 level, for the first time since late October. Since then, it has been trading under that mark, going slightly up and down but not crossing the $8,000 threshold.

Bloomberg reports that BTC has gone under the 200-day MA and many analysts believe this to be a bearish signal.

Commenting on that, the head of investments at Arca, Jeff Dorman, said:

“Bitcoin price action is a continuation of themes that have developed since this summer. Volumes are low, no new money is coming into the ecosystem, and stocks/bonds/gold are all up double-digits year-to-date, which makes the non-crypto world lose focus on this emerging asset class.”

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Bitcoin Price Slips Below $8,000, Despite Bullish Forecasts

Bitcoin Price Slips Below $8,000, Despite Bullish Forecasts

What triggered the price fall?

So far, experts have not been able to figure out the exact reason that triggered this turn of events for Bitcoin. Still, many believe that China is to blame here. Despite the recent public announcement of embracing blockchain on a massive scale, the authorities have recently banned Weibo accounts of Binance and Tron.

Some analysts have shared chart screenshots of the current Bitcoin price decline to illustrate the bleeding market.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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