#Bitcoin🤝 #Write2Earn 5518247622#i#indonesia $BTC CEOIndodax: Rising Bitcoin Prices Create Lots of OKB, Watch Out, Don't FOMO!
Suara.com - Indodax, a crypto exchange company, reported that the price of Bitcoin continues to increase and reached IDR 1 billion, indicating that halving day is getting closer.
Indodax CEO, Oscar Darmawan, called this Bitcoin price achievement a historic moment for the crypto industry. This price is the highest since November 2021.
This rise has also been accompanied by a surge in interest from investors, creating a new generation of “OKBs” (newly rich) in the crypto world as they suddenly become billionaires.
"This achievement of the Bitcoin price is a historical moment for the crypto industry. This price is the highest since November 2021. This price increase was accompanied by a surge in investor interest and triggered the birth of a new generation of "OKB" (new rich people) in the crypto world because they suddenly became billionaires," said Oscar, Tuesday (5/3/2024).
According to Oscar, this increase shows that crypto is increasingly being accepted as a legitimate investment asset and has the potential for large profits. Halving days are known for price increases due to Bitcoin supply disruptions that increase demand and push prices up.
Oscar also highlighted the "fear of missing out" phenomenon which is believed to strengthen Bitcoin prices. However, he emphasized that during the halving, there is the possibility of price adjustments.
Quoted from Antara, the Bitcoin halving will occur in about 42 days. In 2024, the increase in Bitcoin prices is expected to reach double or more than the previous halving.
Apart from the approaching halving day, the increase in Bitcoin prices was also influenced by the reduction in interest rates by the United States central bank (The Fed), as well as geopolitical conflicts that disrupted global trading activities.
Bitcoin's rise is usually followed by a rise in altcoins, such as Ethereum, as happened in previous halvings, which led to the emergence of altcoin seasons.
