Bitcoin Will Reach $400,000 After Halving, History Dictates

[cheezcarls]

Much of the conversation around predicting the price of Bitcoin through 2020 and beyond hinges on the effect of the Bitcoin mining reward halving set to take place in May will have. Some believe it will have no effect at all, while others are betting big on this. If history is to be taken into consideration, Bitcoin should reach a new high of $400,000 following the event.

Following the first halving in November 2012, Bitcoin’s price increased from a $2.01 bottom to the top of $270.94 – a 13,000 percent increase. The second halving, in July of 2016, saw Bitcoin go from a bottom of $164.01 a top of $20,074 – a similar increase of 12,000 percent.

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[Altcoin1998$]

Impossible. This is a worthless prediction of halving historical analysis. How can you calculate that bitcoin price will reach 400000 USD dollars in running year 2020. No mathematical formula can account the amount of price. Do you believe this unbelievable worthless information.