Bitcoin's highly-anticipated halving event happened on the 11th of May, and many analysts expecting its price to surge in the coming years. The main argument for the price increase is that Bitcoin's reduced supply. After halving, the block rewards for miners cut in half and is now 6.25 BTC. That number was 12.5 BTC prior to halving.
Here are some predictions from Top trender’s in the Crypto Community
Dan Morehead, $110.000, Date: August 2021
PlanB(Twitter analyst): $100.000, Date: 2021
Andy Edstrom(Author): $400.000, Date: 2030
Tom Lee: $125.000, Date: 2022
Tim Draper: $250.000, Date: 2022
Cameron Winklevoss: $40.000, No Date
Chamath Palihapitiya: $1,000,000 (by 2037)
Wences Casares: $1,000,000 (by 2027)
Anthony Pompano: $100,000 (by 2021)
Ronnie Moas: $50,000 (2020)
Worth noting, these are not investment advice, and you should always do your own research. (Or DYOR in crypto terms).
Considering the economic situation at the moment. The Federal Reserve and many other big central banks around the world are printing money at the pace that we have never seen before.
Banks are also adding the current money supply in terms of digital money creation and other forms of mortgages and financial instruments.
Also in consideration is the Aftermath of the Corona Virus and its implications on the world economy. This Has yet to unfold on a global economic scale and the future remains uncertain.
The internet keeps coming up with new innovations and as 5G comes into play a lot may change over the coming few years.
But a few things are certain
1.Blockchain technology is revolutionary and its here to stay and impact the world
2.You can always count on the bottomless pit of human greed to be here for generations to come.
