Back in 2016 bitcoin had its halving day on the 9th July. After this bitcoin began to rally all the way to $19,000 over approximately 518 days. A percentage increase of 3,192%. If we compare this to the halving in 2020, apply the same principles and look at the bigger picture than its clear that bitcoin has only just began its newest bull cycle. If we were to see similar results to the 2016 halving that would mean BTC would reach almost $320,000... Whilst this seems like a million miles away think first about how far the crypto industry has come with Teslas purchase being the prime example.
This is my speculation and would love to hear what people have to say in the comments.
This is my speculation and would love to hear what people have to say in the comments.