Post
Topic
Board Nigeria (Naija)
Re: Bitcoin price speculation (BTC/NGN)
by
nelson4lov
on 15/07/2023, 22:51:57 UTC
I think bitcoin would be more than ₦40,000,000 by 2024/2025.

Given the halving effect next year and the ETF by Blackrock that would most likely be approved, I'm sure it would reach that amount and possibly more. This is going to be a major price run-up in recent years.

Bitcoin price increased from ₦24,275,000 to ₦25,751,000 yesterday and reached above the year-to-date high. This happened after a United States Federal District Judge ruled that XRP is not a security. The United States SEC lawsuit against Ripple Labs has been since 2020. As yesterday favoured Ripple Lab, people buy cryptocurrencies and they increased in price.

That price was short lived because the XRP victory news only lasted for so long.