From the statement that #bitcoin will grow stronger in the next 10 years to BIS introducing a security regulatory framework for the development of #CBDC. Here are some outstanding news in the market school #crypto.
Widely followed #on-chain analyst Willy Woo says Bitcoin (BTC) will move higher in the next 10 years based on the current state of adoption.
BTC is not even halfway through its adoption S-curve, Woo told his 1.1 million Twitter followers, with peak growth still ahead.
The S-curve, in this case, is used to visualize the trajectory of a technology's adoption, which typically starts slowly before accelerating rapidly and eventually reaching an equilibrium state.
“Why will Bitcoin perform better in the coming decades? The S-curve is only halfway through. Currently, the adoption rate has only reached 4%, this number will increase even higher."
While Woo is expecting parabolic growth in the long term, he still predicts consolidation or possibly bearish price action in the short term.
“Reversal dynamics are currently dominating Bitcoin price action. Going sideways or down is easier than going up. The basic principle is that we need a cooling-off period to reset things.”
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