Bitcoin

Apple

Dan Rosen, associate director of derivatives at <a href="https://ultramining.com/news/en/luxor-innovates-with-extended-contracts-and-daily-settlements-for-enhanced-bitcoin-mining/" rel="noopener noreferrer nofollow">Luxor</a>, spoke on Cointelegraph's Market Talks. He discussed Bitcoin's future and the upcoming <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a>'s impact on price. He also talked about miners' ability to hedge via <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> derivatives. 
According to Rosen, Bitcoin's volatility will remain in double digits for years. He compares Bitcoin to early tech stocks like Apple and Google. Their volatility was once high. Bitcoin has seen 70% to 100% volatility. This trend is dropping, but not quickly. Rosen expects to see 20% or sub-20% volatility in four or five years. 
<a href="https://ultramining.com/news/en/luxor-innovates-with-extended-contracts-and-daily-settlements-for-enhanced-bitcoin-mining/" rel="noopener noreferrer nofollow">Luxor</a>'s <a href="https://ultramining.com/news/en/bitcoin-miners-set-for-a-tough-ride-as-2024-halving-nears-jp-morgan/" rel="noopener noreferrer nofollow">hash rate</a> derivatives help miners hedge exposure. These options add infrastructure to the industry. Miners can lock in future revenue in unexpected volatility events. It impacts the efficiency of their operations. 
On the macro front, Rosen considers the market's reaction to inflation. He said the market expects inflation to hover around 2.5% to 3%. The U.S. dollar's status as a flight-to-safety asset is impacting equities. It's leading to depreciated value in dollar-denominated assets. 
Rosen believes <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/" rel="noopener noreferrer nofollow">Bitcoin's price</a> might not hit six figures soon. However, he wouldn't be surprised by new lows in the next six months. He then expects a stronger rally due to macro headwinds. 
In summary, <a href="https://ultramining.com/news/en/luxor-innovates-with-extended-contracts-and-daily-settlements-for-enhanced-bitcoin-mining/" rel="noopener noreferrer nofollow">Luxor</a>'s insights present a mixed but optimistic future for Bitcoin. Its price, volatility, and miners are all set to experience significant changes. How they navigate these challenges will shape the cryptocurrency's path. 
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Bitcoin’s Future: Volatility to Stay Double-Digit, Hash Rate Derivatives Aiding Miners – Luxor Insights

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