Friday, 02/02/2024 | 03:54 GMT
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There are a bazillion crypto/BTC forecasts about, 99.9% for much higher, of course (it's a bit of a wild unregulated market).
Near term forecasts focus on the upcoming 'halving':
- Halving happens every four years for bitcoinits when crypto miners' reward is cut in half to create a scarcity effect
- April 2024 is the next expected halving date
A handy summary chart doing the rounds on social media shows a $500K forecast (not the vertical scale is log), if previous halving events are anything to go by:
Future halving events are due in 2028 and 2032, when a $5mn price is projected.
