Bitcoin Price Will Hit $400,000 after May's Halving
The $268.93 leap was an increase of 13,000 percent. Years after, in July 2016, Bitcoin had its second halving. This halving pushed the Bitcoin price from $164.01 all the way to a mouth-watering $20,074. The increase, this time, was 12,000 percent.
As the Bitcoin halving is expected in May, the king coin’s price has been predicted to hit $400,000 after the event. These forecasts are based on the history of BTC halvings.
When there’s a shortage in the supply of anything, its value usually increases. This is the best way to explain why Bitcoin’s price always skyrockets after a halving. But is $400,000 possible or is it just a bullish pipedream?
The $268.93 leap was an increase of 13,000 percent. Years after, in July 2016, Bitcoin had its second halving. This halving pushed the Bitcoin price from $164.01 all the way to a mouth-watering $20,074. The increase, this time, was 12,000 percent.
As the Bitcoin halving is expected in May, the king coin’s price has been predicted to hit $400,000 after the event. These forecasts are based on the history of BTC halvings.
When there’s a shortage in the supply of anything, its value usually increases. This is the best way to explain why Bitcoin’s price always skyrockets after a halving. But is $400,000 possible or is it just a bullish pipedream?