Many experts believe that after the 2024 halving, bitcoin will not only repeat the run of two years ago and approach $69,000, but also set a new record.
Analysts such as Arthur Hayes are predicting the cryptocurrency’s growth before the miner reward cuts next spring. These experts cite historical data that shows bitcoin peaked after halving in 2016 and 2019.
Binance CEO Changpeng Zhao doubts that BTC will enter the rally phase immediately after the halving. He reminded that the reduction of the miners’ reward will take place in 199 days.