In about nine months, expected near April 24, 2024, Bitcoin is set to experience its fourth block reward halving. Many supporters and market observers anticipate a price increase prior to the event. According to an anonymous market analyst known as Plan B, bitcoin’s price could ascend to between $40,000 and $50,000 in the run-up to the next block reward halving.
Plan B Estimates Bitcoin Could Cross $40K Ahead of Fourth Halving Amidst Market Uncertainties
Two optimistic events are stirring discussion in recent circles: the potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S., and the impending block reward halving. The forthcoming halving, predicted to occur in about nine months, near April 24, 2024, will inevitably halve bitcoin miners’ revenues. Analysts at JPMorgan foresee financial challenges for bitcoin (BTC) miners if the crypto asset’s price and transaction costs fail to increase by that date.
“While bitcoin halving is seen as having a positive effe
We współpracy z: https://news.bitcoin.com/stock-to-flow-analyst-plan-b-predicts-bitcoins-price-to-reach-40k-50k-at-halving/
