In the post-halving period in 2020, depending on previous halving, some back and forth, a slow continuous price increase process, an upward trend and a strong rejection are expected. Here are amazing Bitcoin predictions while focusing on Halving…
Amazing Bitcoin Predictions while Focusing on Halving
After the 630,000th block was mined, a half-through occurred in Bitcoin. Experts and analysts are predicted that history will repeat itself by looking at previous Halvings. However, there are significant differences among experts on how high the price will go. Here are amazing Bitcoin predictions while focusing on Halving…
Raoul Pal: Bitcoin will reach $ 1 million in 5 years
Raoul Pal, former Goldman Sachs hedge fund manager, combined the quantitative expansion carried out by governments worldwide with a $1 million price estimate for Bitcoin. Raoul Pal initially reached a transaction price of $40,000 after using technical analysis to find out how much the price would rise. After applying a different method, the famous name revealed the transaction price of $1 million over the next five years. Either way, according to Raoul Pal, Bitcoin will break the all-time high and rise sharply.
Anthony Pompliano: We’ll see $ 100,000 in Bitcoin by 2021
Anthony Pompliano, co-founder of Morgan Creek Digital, used both macroeconomic analysis and halfway as a very good factor to estimate a price of $100,000 for Bitcoin by 2021. Bitcoin has a steady supply in line with ever-increasing demand.
Technically, according to Anthony Pompliano, this will push the price increase. Anthony Pompliano also believes in the enormous quantitative expansion that will degrade the value of traditional fiat currencies. Anthony Pompliano believes that Bitcoin’s constant supply will accelerate the movement towards the price curve.
BayernLB: Bitcoin will be traded around $ 90,000 in 2020
The German bank BayernLB announced its Bitcoin prediction in its reports in 2019 and they are expecting a positive price movement in BTC after halving like the predictions of Pompliano and Pal. According to BayernLB, with the pricing of the halfway event, Bitcoin price will be traded around $90,000 in 2020.
Market experts like Peter Schiff: Bitcoin will eventually drop to zero
Regardless of the huge speculation and historical trend, other market experts like Peter Schiff think that Bitcoin is too expensive, too vulnerable, too slow and has no intrinsic value. According to your criticism, Bitcoin will eventually drop to zero. Recent reports state that the price of Bitcoin is largely dependent on stock market behavior and that Bitcoin cannot rise sharply during this period when large stocks are shaking.
