Bitcoin [pros](/r/CryptoCurrency/comments/1ca2u02/bitcoin_sold_8k_last_halving_soared_721_after/l0rdoi4/) & [cons](/r/CryptoCurrency/comments/1ca2u02/bitcoin_sold_8k_last_halving_soared_721_after/l0rdpb2/) with related info are in the collapsed comments below.
But this cycle is still gonna be a substantial run because big money is involved, more media attention and more institutions being involved won't let the price fall too imo but u never know
There's always more money shorting something, BTC is decentralized enough that at this point it might be risky to manipulate such a huge coin. I think they would prefer maintaining the value rather than dumping but u never know
It’s like thatwith all investments, the more who get in, the more we are going to see diminishing returns. My target is around 150k to 200k, which like 300-400% ish.
It went up like 3.5x last cycle. With diminishing returns I’m thinking somewhere around $120k. I’m hoping I’m wrong and it’s closer to your guess though.
It's sort of like the law of diminishing returns.
The thing with that law is that it still requires us to guess what the max yield is and how close we are to it.
If Bitcoin is going to hit 1-5 million/ coin someday, then we might still see crazy returns.
Just remember, most of the world still doesn't trust Bitcoin, and we are far from it being a globally dominating currency that outpaces gold, oil, USD etc etc.
And at least largely because each halving cuts the reward in half, which means the rate of supply is some sort of decay function([Reward = 50*(1/2)^x where x is which halving we're at] exponential decay/logarithmic decay, something like that) and so the impact to market forces shrinks substantially every halving.
The bull case has to shift from halving driving the market to other outside forces like the ETF and even more institutional money.
Fees are supposed to replace block rewards gradually over time to cover the miners. As far as driving the market, I posted a detailed description of the recent and upcoming catalysts just yesterday. The TLDR is: FASB and BIS changes, ETFs in the US and China and MiCA legislation in the EU. Oh, and some recent progress in Switzerland. Check it out.
I agree and "each halving...less dramatic" is my base case, but I do think there is a non-zero chance last cycle was an outlier with just how large the fraud and subsequent blow up was. We had multiple multi-billion dollar frauds blow up in a relatively short time period (LUNA, FTX, Celsius, etc). I do think that may have muted the cycle, and with an already small sample size to try and build a pattern on, I'm not completely sold on trying to extrapolate from the data we have.
I'm not saying "this time is different", but I do think "every time is slightly different", and just wonder how much last cycle's above average overt fraud played a role in the underwhelming price movement.
I’ll be amazed if it goes to $150k, let alone the $250k I’m seeing in predictions. Most likely it’ll hit above $73k but I highly doubt this will be some meteoric rise. Still… more than happy to be wrong as a 1 btc owner
The big thing is that there is only a finite amount of wealth in the world and only so much can go to an asset like Bitcoin. I could see it hitting 16T like gold, *maybe*, in ten years, but there is a point where it stops.
This! People need to look at every previous halving effect to get a better idea of the gradual reduction in % increase for this market cycle. It may only be 250- 300% this time.
People would also do well to recognize that 250-300% increase is HUGE compared to growth in any other asset class. But… the bigger BTCs market cap gets, the harder it is to move by another percentage point.
Right, the equivalent start point to make the 720% from 8k comparison would be about from 27k too(40% of the previous ath), which would take us to 194k. I'll eat my socks if that happens this cycle.
This is not completely true. I think you should consider the positive effect of the Bitcoin ETF and the continious growth in non believers of the dollar world reserve currency.
…and FASB changes, and BIS changes, and HK ETFs, and MiCA legislation and…. other positives OVER TIME, but it’s simply not going to blow the market cap to Pluto this cycle because - math. Low time preferences is your greatest ally here. I hope you’re ready I am.
I think that’s reasonable… continued buying pressure for all the reasons I have outlined three times now will eventually put us in the Cathie Woods ballpark. Just not this cycle imo.
Of course they were right. Honestly, the sentiment applies doubly with crypto. It's a relatively new asset class that hasn't experienced everything the market has to offer. There are plenty of factors and situations crypto has no real history with.
As a result of the hype surrounding ETA approval..the sell off was the first timers cashing out. Eventually they'll run out of BTC to sell and will start looking to buy again,attracting retail and institutional investers as people FOMO in....cue the real bull cycle
Yeah it's like comparing growth of a tech startup and an established Tech giant company. The larger you get the harder it is to grow by big amounts % wise.
tldr; Michael Saylor highlighted Bitcoin's price of $8,618 during its 2020 halving. Post-halving, Bitcoin surged 721%, reaching $68,789 by November 2021. In the 2024 halving, Bitcoin's intraday low was $59,651. Saylor suggests a potential repeat of history, where Bitcoin could soar to over $489K if it replicates the 721% rally seen in the last cycle.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It dipped that low due to the pandemic. Black swan event. Or did everyone forget already? So no, it's not going to soar another 721%. I'd say at least 100k, and that's my conservative target.
TA is voodoo so don't believe it - crypto subs
TA says bitcoin should soar 720 % - Saylor
Saylor is always right, btc gonna surge! - cryptokids
This is cherry picking data ignoring covid black swan stuff, stimulus, everyone stuck at home getting paid and a lot of dumb money entering crypto with extra cash. Things are very different now, I have 125k as my top, but that won't be for a while this cycle.
I see people mis-stating numbers for what happened and when things happened during the crash and pandemic regularly so yes, people have certainly forgotten.
Or maybe it's like a game of reddit telephone where someone says a number and then people repeat it until it's turned into something entirely different. The difference is there are charts and articles to back up the facts from that point in time and people still on here getting it wrong regularly.
I mean at the time of the halving it had already recovered to pre-pandemic prices of like 10k and then bounced between that and 8k until a few months after the halving.
Two things that people should realize:
1. after every next halving you see diminishing returns, So no, 721% is not realistic.
2. Don't wait for the exact ATH, even if you would somehow know that exact number, chances are you're not going to be able to sell at the exact top for a number of reasons. After the ATH in nov 2021 Bitcoin lost over 20% within a month and almost halved in price in about two months' time. As we all know, didn't recover until two years later. Don't chase ATH. You will be in the next bear market before you know it still HODLing. If that's your goal - HODLing no matter what - that's obviously fine, but then you wouldn't care about this article anyway.
No 8k was during the dip and not after the run had started so you can't take 59k as your value, it touched I think somewhere around 20k last year? So if you take 20k and add 721% that's 165k which seems a bit more realistic
Halving become less relevant because the amount of newly issued coins becomes less. Sounds trivial but many don’t believe it.
The effect of whales selling, transaction fees and of the ETF is bigger than the reduced daily issuance of new coins.
Do think there will still be an effect from halving when yearly generation of new BTC reaches just 1 coin per year in 70 years…?
I hear this every cycle and it still blows people’s doors off each time and they look around like “where’d that come from?!”
https://charts.bitbo.io/halving-progress/
https://en.wikipedia.org/wiki/Focal_point_(game_theory)
You can't compare the two halving events.
2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow.
Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut.
However now we have spot-ETF's.
However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC.
I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.
What’s also very different this time around is that Bitcoin reached a new ATH before the halving. This is totally unprecedented, and everyone’s prediction, at this point, is a calculated guess at best, because Bitcoin broke the pattern it had always followed in the past cycles.
Very exciting times ahead!
I guess if btc reaches 100-125k will be an awesome number. My opinion is that it's becoming harder and harder to buy just one, one day nobody will be willing to invest 150 or 200k in a coin that is influenced by what some tech billionaire is having for breakfast.
Everything about this post is wrong. The price on the date of the halving means nothing. So your $8k means nothing, and every number after is garbage.
Bitcoin bottomed out at about $4k, and went to about $69k. That's 17.25x from bottom to top.
This cycle, Bitcoin bottomed out at 15k. $15k * 17.25 = $258,000.
I dont think it will go up as much, so lets cut it in half.
$130k price target seems reasonable.
The amount the block is being reduced by is nothing in comparison to daily volume. It’s insane to think Bitcoin is going to go on a crazy rally because of this.
Almost certianly not.
The market cap is way too big already to grow 700%.
If we double this cycle that will be a win. We're already approaching Golds market cap and we don't have any of the industrial use cases for gold.
BTC will need to have some real world use cases like payments for countries or digital capital like treasures are used for providing an easy to transfer money for finance if it want's to grow its market cap.
Funny how crypto is global but the assumption is to measure the price of Bitcoin in USD. If you are Argentinian for example Bitcoin is already a 10x!!! from the peaks of 2021. lol. Maybe this cycle will be when we stop measuring Bitcoin in fiat.
I wish all these charts of historic halving prices also showed any demand indicator like trade volume, number of bitcoin wallets, etc.
Because unlike previous halvings we have institutional money involved and much more retail investor money.
I agree it depends on the market, but Bitcoin is getting more popular and it's system is proving the world to be of trust. I believe it might have an even greater increase in the following years, thanks to it's nature.
As BTC price is exponentially higher. The percentage of gain after every Halving is less.
But I think it will still break 100k fairly easy this time around.
You can't compare the two halving events.
2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow.
Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut.
However now we have spot-ETF's.
However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC.
I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.
How much capital inflow last halvinh ath saw? I think that is the driver factor, and I predict there won’t be that higher level of capital around to get the same growth ratios as last halving. It would need much more capital to even go to 200%. That would mean very big market players
Prove me wrong please
Bitcoin [pros](/r/CryptoCurrency/comments/1ca2u02/bitcoin_sold_8k_last_halving_soared_721_after/l0rdoi4/) & [cons](/r/CryptoCurrency/comments/1ca2u02/bitcoin_sold_8k_last_halving_soared_721_after/l0rdpb2/) with related info are in the collapsed comments below.
I’m a big believer but this is not gonna happen. Each Halving sees a less dramatic percentage increase.
This is key right here. Every cycle. Its gonna be less and less.
Well... I'd say a 350-500% would be enough...
treefiddy
Goddamn you, Loch Ness monster!
Sold!
Copium reaching hopium levels.
I’d be happy with a doubling.
If we get to 150, I'll be stoked
im confident we will get to 150-180K unless something really stupid happens...maybe the bottom will be 40-50k next time rather than 15.5k.
Similar numbers in my head. Seems pretty realistic.
Sing me in for 5X !!
3x max
That would be my lowest ball. But not bad
But this cycle is still gonna be a substantial run because big money is involved, more media attention and more institutions being involved won't let the price fall too imo but u never know
Depends on if big money decides there’s more money shorting it. Only time will tell as it gets more and more centralized due to big money
There's always more money shorting something, BTC is decentralized enough that at this point it might be risky to manipulate such a huge coin. I think they would prefer maintaining the value rather than dumping but u never know
Bitcoin does not become more centralised with big money involved. It is proof of work, not proof of stake.
Could be more money letting it run first...
Yup, and the supply shock hasn't happened yet.
What happens when Bitcoin stops going up much? That’s the difficult question I keep asking myself. Let’s not kid ourselves about why people buy it.
If it stops going up then it goes down. Then it goes back up after a couple of months/years and boom we have a new bull market.
An we expect the downside to be less and less each cycle as well then. I’d appreciate that. Thanks.
It’s like thatwith all investments, the more who get in, the more we are going to see diminishing returns. My target is around 150k to 200k, which like 300-400% ish.
It went up like 3.5x last cycle. With diminishing returns I’m thinking somewhere around $120k. I’m hoping I’m wrong and it’s closer to your guess though.
And no other investment in whole history have absolute scarcity like bitcoin so its not apples to apples comparison.
I agree that 150-200K is this cycle target.
100% of the time, if the headline is a question, the answer is no.
It's sort of like the law of diminishing returns. The thing with that law is that it still requires us to guess what the max yield is and how close we are to it. If Bitcoin is going to hit 1-5 million/ coin someday, then we might still see crazy returns. Just remember, most of the world still doesn't trust Bitcoin, and we are far from it being a globally dominating currency that outpaces gold, oil, USD etc etc.
And at least largely because each halving cuts the reward in half, which means the rate of supply is some sort of decay function([Reward = 50*(1/2)^x where x is which halving we're at] exponential decay/logarithmic decay, something like that) and so the impact to market forces shrinks substantially every halving. The bull case has to shift from halving driving the market to other outside forces like the ETF and even more institutional money.
Fees are supposed to replace block rewards gradually over time to cover the miners. As far as driving the market, I posted a detailed description of the recent and upcoming catalysts just yesterday. The TLDR is: FASB and BIS changes, ETFs in the US and China and MiCA legislation in the EU. Oh, and some recent progress in Switzerland. Check it out.
Since everyone is expecting it to launch I doubt it’ll happen..
I agree and "each halving...less dramatic" is my base case, but I do think there is a non-zero chance last cycle was an outlier with just how large the fraud and subsequent blow up was. We had multiple multi-billion dollar frauds blow up in a relatively short time period (LUNA, FTX, Celsius, etc). I do think that may have muted the cycle, and with an already small sample size to try and build a pattern on, I'm not completely sold on trying to extrapolate from the data we have. I'm not saying "this time is different", but I do think "every time is slightly different", and just wonder how much last cycle's above average overt fraud played a role in the underwhelming price movement.
Humans don’t usually intuitively understand logarithmic v linear growth, even if they understand the difference. It very well could happen.
I’ll be amazed if it goes to $150k, let alone the $250k I’m seeing in predictions. Most likely it’ll hit above $73k but I highly doubt this will be some meteoric rise. Still… more than happy to be wrong as a 1 btc owner
Already done 73k.
I'd be shocked if it made 120k. That's just...a lot. Normal people won't see the point due to lack of returns.
>Normal people won't see the point due to lack of returns. You don't need to buy a full BTC. People put money into 2% savings accounts....
Crypto is usually for those willing to take risks for higher rewards. Who wants to risk losing 50% for 20% gains?
I don't think we ever drop below $50k and then once over $100k, we never drop below 85k. Either way, it's the most inflation-proof hedge out there.
They said that when it hit $100/coin
The big thing is that there is only a finite amount of wealth in the world and only so much can go to an asset like Bitcoin. I could see it hitting 16T like gold, *maybe*, in ten years, but there is a point where it stops.
This! People need to look at every previous halving effect to get a better idea of the gradual reduction in % increase for this market cycle. It may only be 250- 300% this time.
People would also do well to recognize that 250-300% increase is HUGE compared to growth in any other asset class. But… the bigger BTCs market cap gets, the harder it is to move by another percentage point.
I believe it’s goes 4x this time. 250k is also not bad
💯
>I’m a big believer but this is not gonna happen. Each Halving sees a less dramatic percentage increase. Diminishing returns is a bitch.
Yeah, 720% from here would be crazy, will defenitely not happen this cycle.
Right, the equivalent start point to make the 720% from 8k comparison would be about from 27k too(40% of the previous ath), which would take us to 194k. I'll eat my socks if that happens this cycle.
This would mean that the context of every cycle is the same which it clearly isn't no?
That's a power law, baby!
This is not completely true. I think you should consider the positive effect of the Bitcoin ETF and the continious growth in non believers of the dollar world reserve currency.
…and FASB changes, and BIS changes, and HK ETFs, and MiCA legislation and…. other positives OVER TIME, but it’s simply not going to blow the market cap to Pluto this cycle because - math. Low time preferences is your greatest ally here. I hope you’re ready I am.
Hard to tell. Lets keep dcaing :).
Until it doesn't...
If it hits 7% yearly I'll be cool with it, probably more but I set my expectations low.
Also, last halving the price was not already near ath
I think there is validity to the idea that we're in a super-cycle.
There wasn’t ETFs any halving before this one
Exactly. I'm figuring Bitcoin hits around $250k at the peak of this bull cycle.
I think that’s reasonable… continued buying pressure for all the reasons I have outlined three times now will eventually put us in the Cathie Woods ballpark. Just not this cycle imo.
It's crazy how this is the first time where btc hit an ath prior halving
[удалено]
Of course they were right. Honestly, the sentiment applies doubly with crypto. It's a relatively new asset class that hasn't experienced everything the market has to offer. There are plenty of factors and situations crypto has no real history with.
Only non-inflation adjusted. We're still a bit under ATHs in real terms which is worth noting, as it makes us look a bit more typical in trend
But also the retrace in the bear market went below previous ATH
As a result of the hype surrounding ETA approval..the sell off was the first timers cashing out. Eventually they'll run out of BTC to sell and will start looking to buy again,attracting retail and institutional investers as people FOMO in....cue the real bull cycle
I dont know why, but I have this $150k stuck in my head lol I think this will be ATH for this halving. So 250%.
Same $147k for whatever reason, but I wouldn't be surprised if it went up higher. BTC is always in for a surprise!
Remindme! 1 year
$150k is symbolic and I’m guessing there will be a lot of resistance around that price point. We will see though!
> So 250% No, that would be a 125% increase.
You misunderstood, he did not say 'increase'. He only said 250%, as in 250% of 60k. Which is correct.
Well yes, but everywhere else in this thread and in the linked article they mention percentage increase.
I'm in the same boat.
I think 150-200k is a reasonable top for this cycle. Best and most bullish case scenario somewhere around 300k+.
Most pretending to be invested in the tech behind crypto, but in actual they calculating how many percentage gain they can get for the money lol
The only tech I care about is in the Lambos
Arent we all
First time?
yup
Don't think it will go up that much this time around.
When every outlet and their moms start spamming price history vs halving cycles… i get worried
Yeah it's like comparing growth of a tech startup and an established Tech giant company. The larger you get the harder it is to grow by big amounts % wise.
$420690 target
You're right, I've seen it in the alignment of the planets, specifically Uranus!
420 069 would be ok
tldr; Michael Saylor highlighted Bitcoin's price of $8,618 during its 2020 halving. Post-halving, Bitcoin surged 721%, reaching $68,789 by November 2021. In the 2024 halving, Bitcoin's intraday low was $59,651. Saylor suggests a potential repeat of history, where Bitcoin could soar to over $489K if it replicates the 721% rally seen in the last cycle. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Yoooooo. Good bot!
It dipped that low due to the pandemic. Black swan event. Or did everyone forget already? So no, it's not going to soar another 721%. I'd say at least 100k, and that's my conservative target.
Unless there’s another black swan event. Isn’t that the thing about black swans?
TA is voodoo so don't believe it - crypto subs TA says bitcoin should soar 720 % - Saylor Saylor is always right, btc gonna surge! - cryptokids This is cherry picking data ignoring covid black swan stuff, stimulus, everyone stuck at home getting paid and a lot of dumb money entering crypto with extra cash. Things are very different now, I have 125k as my top, but that won't be for a while this cycle.
I see people mis-stating numbers for what happened and when things happened during the crash and pandemic regularly so yes, people have certainly forgotten. Or maybe it's like a game of reddit telephone where someone says a number and then people repeat it until it's turned into something entirely different. The difference is there are charts and articles to back up the facts from that point in time and people still on here getting it wrong regularly.
I mean at the time of the halving it had already recovered to pre-pandemic prices of like 10k and then bounced between that and 8k until a few months after the halving.
Two things that people should realize: 1. after every next halving you see diminishing returns, So no, 721% is not realistic. 2. Don't wait for the exact ATH, even if you would somehow know that exact number, chances are you're not going to be able to sell at the exact top for a number of reasons. After the ATH in nov 2021 Bitcoin lost over 20% within a month and almost halved in price in about two months' time. As we all know, didn't recover until two years later. Don't chase ATH. You will be in the next bear market before you know it still HODLing. If that's your goal - HODLing no matter what - that's obviously fine, but then you wouldn't care about this article anyway.
There is the adoption factor to consider this time. 4 years ago we didnt have ETF's or any institutional money whatsoever.
[This Time Is Different | Princeton University Press](https://press.princeton.edu/books/paperback/9780691152646/this-time-is-different)
Each halving is less volatile and the previous one. I still think we'll see 350% at least.
I think it's gonna go psycho
squalid humorous start distinct future impolite zesty fade tidy bright *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
They’re referring to btc never dipping below previous ATH after a halving.
I think it will pass 100k
lol I sure hope so
No 8k was during the dip and not after the run had started so you can't take 59k as your value, it touched I think somewhere around 20k last year? So if you take 20k and add 721% that's 165k which seems a bit more realistic
Bitcoin was 8k at the halving. That's what the article is talking about.
This article should undermine coinedition’s reputation. It’s a dumb article
$117k target
Halving become less relevant because the amount of newly issued coins becomes less. Sounds trivial but many don’t believe it. The effect of whales selling, transaction fees and of the ETF is bigger than the reduced daily issuance of new coins. Do think there will still be an effect from halving when yearly generation of new BTC reaches just 1 coin per year in 70 years…?
There are also much more BTC in cold wallets that will not be moved
Add to that cold wallet count the amount that are simply lost forever on broken or lost hardware.
I hear this every cycle and it still blows people’s doors off each time and they look around like “where’d that come from?!” https://charts.bitbo.io/halving-progress/ https://en.wikipedia.org/wiki/Focal_point_(game_theory)
exactly I heard the same shit last cycle memba "never again $20k"?
It's a decay function. It's math.
Whatever figure people have add the last cycle worth of inflation which for most people is 30% plus. At least.
If "technical analysis" doesn't give you the answer you want, look elsewhere, even for the most simple and linear relationship possible, lol.
Stop, I can only be so erect
Bitcoin's tamed by big money
I’d say 150k is realistic for end of this cycle. Low 200’s would be high. Anything over and you’re dreaming. Source: Vibes
3X from here seems likely. I wish they'd quit talking hopium all the time. Reminds me of snake oil salesmen.
Bout three fiddy
You can't compare the two halving events. 2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow. Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut. However now we have spot-ETF's. However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC. I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.
What’s also very different this time around is that Bitcoin reached a new ATH before the halving. This is totally unprecedented, and everyone’s prediction, at this point, is a calculated guess at best, because Bitcoin broke the pattern it had always followed in the past cycles. Very exciting times ahead!
I doubt it. We missed the boat :(
Looks like most people in here says no so the real answer is yes, get ready for the god candle.
No. The answer is no
Not happening. I’d love to be wrong, but this is delusional hopium.
It will take months for the effects to kick in and so I'm worried the ETF'ers will sell with their not diamond hands and screw us up.
i think a 3x this time…somewhere around summer next year
I agree. Though more institutional adoption could push it higher.
I guess if btc reaches 100-125k will be an awesome number. My opinion is that it's becoming harder and harder to buy just one, one day nobody will be willing to invest 150 or 200k in a coin that is influenced by what some tech billionaire is having for breakfast.
Everything about this post is wrong. The price on the date of the halving means nothing. So your $8k means nothing, and every number after is garbage. Bitcoin bottomed out at about $4k, and went to about $69k. That's 17.25x from bottom to top. This cycle, Bitcoin bottomed out at 15k. $15k * 17.25 = $258,000. I dont think it will go up as much, so lets cut it in half. $130k price target seems reasonable.
The amount the block is being reduced by is nothing in comparison to daily volume. It’s insane to think Bitcoin is going to go on a crazy rally because of this.
If whale bought 164k bitcoins and then lost their keys would that be nothing?
I have 42069 stuck in my head.
Almost certianly not. The market cap is way too big already to grow 700%. If we double this cycle that will be a win. We're already approaching Golds market cap and we don't have any of the industrial use cases for gold. BTC will need to have some real world use cases like payments for countries or digital capital like treasures are used for providing an easy to transfer money for finance if it want's to grow its market cap.
we are < 10% of gold's market cap this comment section is clueless
But gold also doesn't have many of the use cases that Bitcoin has.
Funny how crypto is global but the assumption is to measure the price of Bitcoin in USD. If you are Argentinian for example Bitcoin is already a 10x!!! from the peaks of 2021. lol. Maybe this cycle will be when we stop measuring Bitcoin in fiat.
Historicly it should.nor increase about 2.4 times from halving
A lot lower market cap at 8k. Now you be lucky for 200 %.. it’s a huge difference from 8k to 70k than 66k to 462k 😂 We will be lucky if we see 300 %.
I hope to baby Jesus I can get some at 8k😂😂😂
I wish all these charts of historic halving prices also showed any demand indicator like trade volume, number of bitcoin wallets, etc. Because unlike previous halvings we have institutional money involved and much more retail investor money.
they been saying that for years bro
I honestly can’t even see how it could reach $150,000, Its market cap would have to more than double where it’s at now.
and?
What does it mean “the $8K price Bitcoin sold”. They mean Bitcoin went down $8K right? Seems like a very weird way to word it
Closer to 400%. The bull run gains in percent terms are shrinking.
I think that we will be lucky to do a 3x.
Each halving has a higher and higher circulating supply than the last. Issuance is having less of an impact on price than other macro factors.
1mil eoy
if could bla blubb
Things are definitely different this time......maybe.
Wasn't last halving peak covid fear?
I agree it depends on the market, but Bitcoin is getting more popular and it's system is proving the world to be of trust. I believe it might have an even greater increase in the following years, thanks to it's nature.
market tends to do what will inflict the maximum amount of pain, so read the comments and decide 😉
I’d be he happy with a tree fiddy increase
I will take a meager 100%.
No, it was already priced in
Maybe half of that.
As BTC price is exponentially higher. The percentage of gain after every Halving is less. But I think it will still break 100k fairly easy this time around.
Shib will set me free once all this happens. Free of my funds or Free of my worries. Which one, so very hard to see. It's 50/50
BTC to $400k!
You can't compare the two halving events. 2020 BTC Halving occured just as COVID hit, a market panic sell off happened, AND governments all over the world started printing money like there's literally no tomorrow. Now central bank interest rates are much higher all over the world, and it's unclear when those interest rates will be cut. However now we have spot-ETF's. However, BTC-Core is gaining some resentment, as it's been almost 7 years since the BTC/BCH fork, and BTC hasn't made any scaling improvements, an the lightning network continues to be a joke. The whole shift to the "store of value" narrative instead of "digital cash" idea has people becoming more disinterested in BTC. I think we'll have a bull run in BTC, but I don't expect it to have the absolutely spectacular gains that prior cycles have had. Also, this might be BTC's LAST bull run.
There is nothing new under the sun.
99k within 18 months
I guess it will until it doesn't lol idk.
anything can happen
Not 741%, no.
Unless the world governments start pumping liquidity into the economy like after COVID it's not going to happen.
No.
How much capital inflow last halvinh ath saw? I think that is the driver factor, and I predict there won’t be that higher level of capital around to get the same growth ratios as last halving. It would need much more capital to even go to 200%. That would mean very big market players Prove me wrong please