Bitcoin's Halving Could Push Price to $100,000 by 2024, Say Analysts
TL;DR Summary
Bitcoin's 66% rally this year may just be the beginning of a bigger advance, with some analysts predicting it could surge past $50,000 following a routine 'halving' process due next year that would slash supply. The halving process could help the coin gain at least 81%, according to Bloomberg Intelligence and Matrixport. Bitcoin 'halving' happens roughly every four years and is due next in April 2024. The coin was trading at $27,400, after briefly topping $30,000 earlier in April.
- Bitcoin could top $50,000 as next year's halving cuts supply: analysts Markets Insider
- Bitcoin 'Halving' Spurs Prediction of Rally Past $50000 by 2024 Bloomberg Technology
- Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says CNBC
- Bitcoin could soar to $100,000 as crypto winter ends: Standard Chartered Markets Insider
- Here's why crypto analysts tip BTC/USD at US$50,000 next year (spoiler - 'halving' coming) ForexLive
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