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Here's why crypto analysts tip BTC/USD at US$50,000 next year (spoiler - "halving" coming)

Here's why crypto analysts tip BTC/USD at US$50,000 next year (spoiler -
Media reports citing crypto analysts forecasting the leader, Bitcoin, rising in price to over USD50K due to a 'halvening' (some call it 'halving'):halvening cuts in half the amount of tokens that Bitcoin miners receive as reward for their workthis happens every 4 yearsdue next around April 2024is part of the process of capping Bitcoin supply at 21 million tokensThe aftermath of the last three halvings saw BTC hit new highs. A Bloomberg analyst says:“Bitcoin cycles bottom around 12-18 months prio... Read More
Posted: Apr 24 2023, 00:52
Author Name: forexlive
Views: 102739

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