Post
Topic
Board Speculation
Re: Bitcoin Will Reach $400,000 After Halving, History Dictates
by
The Pharmacist
on 19/01/2020, 14:48:27 UTC
Some believe it will have no effect at all, while others are betting big on this.
And I think it's those who are already betting big who are the ones responsible for driving up bitcoin's price recently.  There's no logical reason why the halving should produce an effect (in my view), but speculators who think it should might very well make it a self-fulfilling prophecy.

As to the $400k nonsense, it's just that.  If bitcoin were to hit that price even in 2021, the market would be in serious trouble and at risk of a huge crash.  I've learned never to underestimate the potential of bitcoin to surprise me as far as how high it can go, and how fast, but it's not always a good thing when it starts heading toward looney-bin territory.

That prediction sounds like clickbait hype to me, and I'm paying it no mind.