Re: The Number Of Bitcoin Millionaires Doubles In 2023

Quote from: Merit.s on April 16, 2023, 11:09:32 AM

Quote from: Bitcoinmoon12 on April 16, 2023, 09:57:11 AM

The recent surge in Bitcoin’s price, which has reached an all-time high of $31,000, is likely the reason for Bitcoin millionaires

Bitcoin price hasn't reach ATH yet,which will come up at 2025 after bitcoin halving next year April,2024 from analysis. Bitcoin price will still dump below 30k,which makes it not ATH. There must be an halving event before ATH,this makes me think that the author of this article doesn't understand bitcoin movement and cyclic,that it is historical.

I was thinking exactly the same thing. Making such a big mistake really shows how the author had no idea what he was talking about, and he didn't even spend some time doing a proper research.

And I agree with you also about the possible new ATH in 2025, after the halving. It's crazy to think that if BTC will reach $100k you "only" need 10 BTC to be a millionaire Shocked