At the first halving on November 28, 2012, BTC/USD traded around $12. By the second, on July 9, 2016, it was $657. The third halving due in mid-2020 or in 644 days will see the block reward reduce from 12.5 BTC to 6.25 BTC, while Whats On Crypto suggests ongoing trends could see prices hit a giant $10 million by 2023-quoted by wilma woo.
These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
These predictions are giving us hope about the future of bitcoin but we all know that bitcoin is know for its volatile and unstable characteristics. Do you think that the expert's predictions are possible or do you think that this are just a mere simple prediction.
The logic is pretty right, but I doubt it will happen. Only the US debt can go parabolic
. In your case bitcoin should show the same parabolic growth as all the previous years, and big boys will not allow earning that kind of money. I think the price will follow those big whale wallets, which did not move much of btc and hodl. Imagine if they will sell, where the price will go. Anyways, bitcoin has a bright future, but I doubt we will go even to 6 figures in next few years.