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The Future Price of Bitcoin
The price is mostly driven by investor sentiment. When investors and get excited and they start buying bitcoing them, the price goes up and vice verse. I think at this point, rite investors who wanted to invest in bit coin have already invested. And we can see that there are some signs that institutional funds can inged rife into t he space. Last month's fidelity announced that they will allow bit coin in ther one k lant,. personally, i wouldn't put my retirement savings in bitcoin.
Understanding the complexity surrounding cryptocurrencies is essential in making the correct decisions regarding investing in DeFi technology. To help us understand the basics, we talked to Dr. Igor Makarov who is an expert on cryptocurrency and Bitcoin, particularly Bitcoin and the associated mining processes. He is based at the London School of Economics, where he serves as an Associate Professor of Finance. Dr. Makarov is also the author of several papers focusing on DeFi and crypto markets in general and has provided new insights surrounding governance and mining processes. In today’s show, we learn about the basics of cryptocurrencies, mining and the future of DeFi. In particular, we talk about the role of intermediaries, what drives the prices of Bitcoin, how concentrated mining processes are, the role DeFi in increasing governance, the upsides and downsides of cryptocurrencies, and much more. Tune in to make sure you don’t miss out on advice from a respected figure in the industry, Dr. Igor Makarov!
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Listen to the best highlights from the podcasts you love and dive into the full episode