Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Will $100,000 per Bitcoin become a reality? A top cryptocurrency visionary thinks so
TRADING NEWS

Will $100,000 per Bitcoin become a reality? A top cryptocurrency visionary thinks so

By Crypto FlexsFebruary 6, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will 0,000 per Bitcoin become a reality?  A top cryptocurrency visionary thinks so
Share
Facebook Twitter LinkedIn Pinterest Email

Blockstream CEO Adam Back, a notable figure in the cryptocurrency space, recently highlighted the possibility of Bitcoin rising to $100,000 through a compelling visual analogy.

Halving Bitcoin to $100,000

Baek, who was recognized by Satoshi Nakamoto for his work on the Bitcoin white paper, posted an image of a car side mirror with the text “$100,000 BTC.”

advertising

With the caption “Laser beams to Bitcoin halving,” the post sparked a wave of optimism within the community. The mirror warning image suggests Bitcoin reaching $100,000 may be closer than it seems, a sentiment echoed by many people looking forward to the next halving event.

Laser light until half life #Bitcoin @CedYoungelman pic.twitter.com/wj1QbNrPQH

— Adam Baek (@adam3us) February 5, 2024

Bitcoin halving, a fundamental aspect of the design, is an event that occurs approximately every four years, in which the reward for mining a new block is halved. This mechanism reduces the rate at which new BTC is created, effectively limiting supply and often leading to optimistic market sentiment.

Historically, halving events have heralded significant price increases in the value of Bitcoin as reduced supply leads to higher investor demand. Anticipation of these market movements often generates heightened activity and speculation, resulting in price volatility in the months leading up to and following the halving.

Cryptocurrency analysts and enthusiasts closely watch these cycles and speculate on the potential impact each halving could have. The consensus is that these events will create a scarcity effect, potentially increasing the value of Bitcoin as the supply of new coins decreases.

Analysts are weighing in on Bitcoin’s future trajectory.

Amid these expectations being halved, several analysts have provided insight into Bitcoin’s future price trajectory. Cryptocurrency analyst Michaël van de Poppe shared his own perspective, suggesting that Bitcoin could experience range-bound trading in the coming months.

Van de Poppe predicts a possible rise to $48,000 pre-halving, followed by a period of consolidation before a breakout towards new all-time highs in late 2024.

#Bitcoin When stuck in a range, the market is in equilibrium.

I will be looking at range-limited construction over the next few months.

Pre-halving the final run towards $48K after consolidation prior to a breakout towards ATH in the third quarter of 2024. pic.twitter.com/jZznulSiwJ

— Michael van de Poppe (@CryptoMichNL) February 5, 2024

Likewise, renowned cryptocurrency hedge fund manager Charles Edwards of Capriole Investments has made even more ambitious predictions. Edwards expects Bitcoin to reach $280,000 in the coming year, a prediction that is consistent with widespread optimistic sentiment among some in the cryptocurrency community.

If the rate of return after Bitcoin’s halving is the same as in 2020, we expect Bitcoin worth $280,000 next year.

One could reasonably argue that this cycle’s returns will be below 2020’s.

But I think the 2020 cycle performance was mediocre and an outlier. pic.twitter.com/pzOkAd0ORm

— Charles Edwards (@caprioleio) February 5, 2024

However, the market is currently painting a more subdued picture. The price of Bitcoin was between $43,000 and $42,000 last week, up a modest 5.4% over the past two weeks. Nonetheless, the asset’s current price has seen a slight decline, with the market price hovering around $42,657, down nearly 1% over the past day.

Will 0,000 per Bitcoin become a reality?  A top cryptocurrency visionary thinks so
BTC price is moving sideways on the 4-hour chart. Source: TradingView.com BTC/USDT

Featured image from Unsplash, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Pyth Network, Aavo, Memecoin, and Starknet are set to unlock over $2 billion in tokens this month.

May 4, 2024

Senators from both parties investigate FinCEN cryptocurrency mixer lawsuit

May 14, 2024

AskGamblers nominated BitStarz for the Best Casino award.

May 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.