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.
Bitcoin price will not follow on those previous data and as we know price is dictated by the supply and demand of the current market. Considering that there will be a price rise at that level, then who will buy at that higher price if the system of crypto will dumps after reaching a higher price. Those who have many bitcoins in their wallet are predicting impossible prices which is their strategy to create bullish market. This type of strategy is not working anymore as people are more mature to think before investing.