Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ We

[sirty143]

Bitcoin Halving Theories: Whale Says Price Rise Is a ‘Nonsensical Narrative,’ Weiss Ratings Expects ‘Massive Crypto Superboom’

With the halving fast approaching, many cryptocurrency proponents believe the event will create significant demand for the digital asset bringing the price back to all-time-highs. See more for yourself here.

Your opinion is greatly appreciated.

[Alcor]

In the previous two cases of halving the remuneration of miners in 2012 and 2016, a very large price increase in bitcoin occurred during the year. Therefore, we can assume that in this case as well. The article states that bitcoin can rise in price by thirty times, up to $ 300,000, but I still doubt that its price will rise so high. It would be nice if Bitcoin rose in price to at least $ 50,000. And it is very important that the price of potential altcoins also increases significantly.

[Noverteno]

The increase in the price of bitcoin and the entire cryptocurrency market in connection with the split of bitcoin in half, which occurred in May, will be mandatory. True, it is difficult to even imagine how high the price of bitcoin will rise. Just for ordinary currencies, this is unthinkable cosmic prices. Here, one involuntarily doubts whether such a price increase is possible in principle.
It remains for us to prepare and observe the pleasant events.