Today news
About the same in other media
22.11 - 19:59
Bitcoin will peak at $253K, Ethereum at $22K this cycle if 2016 halving bull run repeats
Reading now: 751
Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more.
As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent.
Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher.
The data relates to the roughly four-year halving cycles in which Bitcoin has exhibited identical behavior since its inception.
The current cycle, despite impatience from some traders, remains closely tied to the previous two.
Taking 2017 as an example, the next BTC price peak
Read more on cointelegraph.comAbout this in other media
El Salvador to build 'Bitcoin City' finextra.com /2 years ago
El Salvador will launch 'bitcoin bond' that pays special dividend amid plans for new crypto city markets.businessinsider.com /2 years ago
El Salvador’s Bitcoin City, BTC Bonds Plans Met With Mixed Reaction cryptonews.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
