Can Bitcoin break the all-time record after this year's Halving?

in hive-175254 •  10 months ago 

In the most recent article socialized by cointelegraph columnist Rodrigo Di Paula Ambrissi, "The cryptocurrency sector, marked by its dynamic and volatile nature, continues to evolve rapidly, offering a landscape rich in opportunities and challenges."

According to Di Paula Ambrissi, "As the year 2024 progresses, the crypto community will witness a series of important events that will shape the future course of this financial revolution", the question is Will Bitcoin be able to surpass the historical record after this year's Halving?

In the current circumstances that the international economy is going through and all the restrictions that have been imposed on the crypto market, answering this question is not easy, however if we rely on the data of the previous Halving, the answer is more than obvious, and it is most likely that at the end of this year we will have a new historical high in Bitcoin.

One thing to note is that, "Bitcoin remains a dominant force in the market, showing a cumulative increase of over 160% in 2023. Expectations for 2024 revolve around the approval of ETFs by the SEC and the much anticipated halving, hovering around April"

Finally, "As the market evolves, Bitcoin maintains its position as a solid anchor, while Ethereum, Solana, Polygon and Aave emerge as assets with growth potential, each with their distinct characteristics and value propositions"

Hence, I would like to know your appreciation if you think, will Bitcoin be able to surpass the historical record after this year's Halving?

SOURCES CONSULTED

Cointelegraph. 5 cryptocurrencies to watch out for in 2024, analyst says. Link

OBSERVATION:

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph

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Yes I think Bitcoin will break the all time record after this year's halving.

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Hello @mahmudul01

I think the same, after halving we will witness first hand how great the upside projection of BTC will be.

Best regards, be well.

Thank you.

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Another solid publication @lupafilotaxia

In 2023 bitcoin raised by over 100%. And it happened while there has been so much uncertainty regarding SEC and ETFs. Also interest rates has been slowly and steadily increased, which is not a good thing for any market.

This year we started with ETF applications being approved. Ahead of us is halfving and interest rates will be already going down.

If BTC doubled in 2023 then it should easily double this year. And that would place it around 90k usd or more.

Cheers, Piotr