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With Bitcoin (BTC) halving, in which mining rewards are halved every four years, expected to occur in April 2024, experts are continuing to bullish on Bitcoin.
Bitcoin technology analyst CryptoCon said on the 12th through “It is highly likely that this will happen. Specifically, it will be on November 20th,” he said.
He also added, “An additional two months of accumulation will lead to even greater price increases.”
Davis Hui, vice president of Nasdaq-listed Chinese mining machine manufacturer CANAAN, also predicted that the price of Bitcoin will rise to $100,000 after the halving next year.
In a recent interview with Cointelegraph, a cryptocurrency media outlet, he analyzed, "As next year's halving coincides with the traditional financial market's increased interest in Bitcoin, BTC demand will increase and supply will decrease. Accordingly, BTC is likely to rise significantly." did.
In particular, Caitlin Long, CEO of cryptocurrency bank Custodia, said in a recent interview with famous cryptocurrency investor Scott Melker, “The coming Bitcoin halving will have the biggest impact of all time.” “It is expected,” he predicted.
He said, “I believe Pantera Capital’s price model, which predicts that the Bitcoin price will reach $147,843 in August 2025, approximately 480 days after the Bitcoin halving in April of next year, is credible. In addition, the hash rate is continuously increasing, and old mining machines that do not make a profit after the halving will stop working,” he explained.
Meanwhile, Benjamin Cowen, a cryptocurrency analyst with about 750,000 X (Twitter) followers, said, “Bitcoin fell every year before the halving. I think it will be like that this time too. “This year, Bitcoin will move between $12,000 and $35,000,” he predicted.
