2024-04-21 20:16:14
Some cryptocurrency market experts have made some surprising predictions for the future. Bitcoin With the fourth halving of the currency concluding, some said the price of the strongest cryptocurrency might reach $4.5 million, while others suggested it would reach $1 million. dollars.
Equinometrics, a leading cryptocurrency forecast and information provider, estimates that the upper limit of Bitcoin price during the fourth halving cycle might reach $4.5 million.
For its part, “Bitcoin Maxi” claims that the price of Bitcoin might reach one million dollars, according to Crypto Horizon.
Will Bitcoin exceed a million dollars?
In a statement, Equinitrix confirmed that “some people believe that Bitcoin is poised for further diminishing returns over the next four years…I think this is not a hard and fast rule,” and cited the example of major technological stocks to explain the situation. , adding that “stocks…MegaCap Technology do not suffer from diminishing returns, and Bitcoin currently plays in the same category in terms of market size.”
However, she expresses her doubts Bitcoin price rise At $4.5 million over the next few years, the upper limit was set keeping in mind that Bitcoin will reverse the upward trajectory seen following the last halving event. However, there is optimism regarding Bitcoin price reaching six figures.
Alessandro Ottaviani, co-owner of the “Bitcoin Vault” podcast, echoed this sentiment, and ahead of the recent halving event, he said: “Here is my prediction for the next Bitcoin era (2024-2028): we will reach a price above a million dollars.
Ottaviani also expects a change in market dynamics and emphasized that there is no longer a market decline or bear market (which is an extension that occurs when investment prices fall) with a maximum by 30 percent, and if it becomes more than that, it’s because the price has increased too quickly, and so it’s not really a regression.
Additionally, Ottaviani envisions a significant influx of institutional capital into Bitcoin spot funds, with total distributed capital exceeding $300 billion. Additionally, he expects many companies such as the S&P 500 to publicly disclose their ownership of Bitcoin or Bitcoin ETFs.
Additionally, Ottaviani also highlighted Bitcoin’s potential to become an environmentally sustainable asset, noting that Bitcoin will become an asset Also environmental, social and governance; This contributes to increasing the use of renewable energies.
Bitcoin price currently
Bitcoin rebounded significantly following hitting a low of $59,000 last week, and at the time of writing, Bitcoin stabilized at $64,930 on Sunday, April 21.
The cryptocurrency’s market value is around $1.28 trillion, and Bitcoin’s 24-hour trading volume decreased by 35.39 percent to $22.22 billion.
Buying and selling transactions were marked by intense competition, with selling dominating due to high prices.
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