Post
Topic
Board Speculation
Re: Bitcoin might reach $30,000 in the first half of 2023 and $50,000 in the second
by
wxa7115
on 29/01/2023, 07:07:09 UTC
Nah, it's too early to predict this kind of price scenario, of course who would not want the price to increase at $30k -$50k? But it's not easy as that, yeah could be the miners difficulty and how they are as the price goes, maybe just breaking even or just making enough profit to cover the cost and not sell their own stash.

But we have to think about the black swan events like last year, the Terra case and then the whole FTX debacle.

There could be events like that this year, we may never know. And if we did then it will have a huge impact in the market.
For 50k to be possible before the halving even takes place then every single circumstance we can imagine will have to go in favor of bitcoin, and even then it is difficult to think such a positive year could come out of nowhere when 2022 was such a difficult year.

30k or even 35k are way more realistic at the end of the year, as by that time investors will increase the rate at which they are accumulating bitcoin as a preparation for the upcoming halving, this will rise the demand and the price along with it.