Post
Topic
Board Speculation
Re: Bitcoin 190K in 2024?
by
Rabata
on 08/04/2024, 07:53:26 UTC
A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?
The way Bitcoin is designed will automatically increase the price of Bitcoin. It may take some time there but the price increase is normal. We are only 2 weeks away from Halving. Miners will plan to collect bitcoins since their mining reward is halved otherwise they may suffer. Due to which the price of Bitcoin will increase automatically. And around this halving, worldwide interest in holding bitcoins increased and the price of bitcoins increased significantly. We have seen the same picture in previous years as well. As a result, the price of Bitcoin after halving from $100K to $150K or more is not impossible. Those who hold Bitcoin will definitely be profitable after a certain period of time. I will definitely sell my bitcoins but it will take long time. I want to hold my small investment until it turns into an asset.