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With the cryptocurrency market reacting to short-term fluctuations, attention is now turning to the imminent Bitcoin halving scheduled for April 2024. Experts in the field are offering insights into how this event might influence the price trajectory of BTC. Below are the perspectives of two prominent figures:

 

 

Michael Novogratz:

Renowned for his bold forecasts and strong belief in digital assets, Michael Novogratz, CEO of Galaxy Digital, anticipates a substantial uptick in BTC’s value following the halving, setting a target of $150,000. Novogratz grounds his prediction in a comprehensive understanding of Bitcoin’s evolving role within the global economy. He underscores the generational transition toward digital assets and the growing institutional adoption as pivotal factors propelling Bitcoin’s ascent. Novogratz also emphasizes the significance of the reduced BTC supply post-halving, foreseeing scarcity as a catalyst for a notable price surge.

 

 

 

Fred Thiel:

Fred Thiel, CEO of Marathon Digital Holdings, shares a similarly optimistic outlook regarding Bitcoin’s trajectory post-halving, though with a slightly more conservative estimate of $120,000. Thiel attributes the potential increase to Bitcoin’s finite supply and its emergence as a robust store of value. He also highlights the transformative potential of Bitcoin ETFs, which are poised to improve liquidity and market stability. Thiel views ETFs as a crucial development that will expand Bitcoin’s investor base and enhance its attractiveness as an investment vehicle.

Additionally, Thiel’s recent discussion with Marathon CEO @fgthiel covers various topics, including hash rate growth, energy harvesting, new mining facilities, the impact of Bitcoin halving on miners, and the integration of renewable energy sources.

 

 

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