Bitcoin Halving
What is Bitcoin Halving?
Bitcoin Halving is a automatic blockchain completion when block reach 250$M. It may take about four years to complete block. And then Bitcoin tauch high.
When next halving?
Next halving may occure in march to may in 2024. After that we can see a huge pumping of Bitcoin.
Why halving?
Having is absolutely automatic process. Satosi Nakamoto, Bicoin founder is made the process as for the miner.
Yang said the ETF approval remains the biggest story for bitcoin in 2024 — though investors should hold a degree of caution on timing given the wounds left by collapses of major crypto firms like Luna and FTX, and as it is an election year when the topic of crypto is likely to become more of a political issue.
“Timing the market is hard, but a gradual approach — accumulating in bear markets and taking profits in bull markets — might be a more effective strategy for whom don’t have early-on accumulations.”
CoinShares: $80,000
James Butterfill, head of research at CoinShares, said the landscape for digital assets is set for “significant change” in 2024, driven by the potential approval of bitcoin ETFs in the U.S.
“This long-awaited development is poised to expand the investor base for cryptocurrencies and integrate them more closely with traditional financial markets,” Butterfill told CNBC via email.
“Estimations suggest that a 20% investment increase from current assets under management (around US$3 billion) could potentially propel Bitcoin prices to US$80,000.”
Meanwhile, the scenario of central banks cutting interest rates could also “play a decisive role” in moving bitcoin higher, Butterfill added.
The market will be also looking at factors beyond the halving — which he considers already priced into bitcoin — that could influence the price of the digital coin further.
“Thus, while the halving is a known event, other elements, particularly the potential for interest rate reductions, are likely to be significant in shaping Bitcoin’s price in the future,” Butterfill said.
Nexo: $100,000
Antoni Trenchev, a noted bitcoin bull and co-founder of Nexo, a cryptocurrency exchange, believes bitcoin could hit $100,000 in 2024.
In 2022, he called for bitcoin to hit $100,000, but that didn’t happen. Instead, the price of bitcoin collapsed that year. He held off from any further price predictions.
But in a note in December, Trenchev reinstated his $100,000 call for 2024, citing the halving and potential approval of multiple bitcoin ETFs.
“My expectation for 2024 is that the twin-turbo boost from the Bitcoin halving & spot ETF approval should propel Bitcoin to $100,000, with the prospect of further highs in 2025,” Trenchev said in a note. “The road to $100,000 will be lined with unexpected potholes and double-digit declines as Bitcoin.”
Trenchev added that the biggest gains will come from digital tokens and projects “that aren’t even on the radar yet.”
Standard Chartered: $100,000
In November, Standard Chartered doubled down on its $100,000 call for bitcoin made in April. The bank said this will be driven by the approval of numerous ETFs.
The halving will also be supportive for bitcoin, the bank said.
Carol Alexander: $100,000
In 2022, University of Sussex professor of finance Carol Alexander had a fairly successful run of calling bitcoin’s future price.
She predicted bitcoin would slip to $10,000 in 2022. That year, bitcoin fell as low as around $15,480, according to CoinDesk data. For 2023, Alexander said bitcoin would rally as high as $50,000. Bitcoin reached a yearly high of roughly $44,700 in early December.
Alexander told CNBC that during the first quarter of 2024, bitcoin will trade within the $40,000 to $55,000 range, owing to “professional traders creating volatility.”
The next stage will depend on when the U.S. Securities and Exchange Commission settles charges against Coinbase and Binance, which could be required before approval of a bitcoin ETF, according to Alexander, echoing other commentators. The SEC sued both Coinbase and Binance in 2023.