The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. However, a recent analysis by Cryptorphic, a prominent crypto analyst, suggests the future might be brighter than recent dips might indicate. Their prediction? Bitcoin hitting a staggering $156,000 by May 27th, 2025. Related Reading: Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot The Halving Effect: A Historical Catalyst Cryptorphic’s prediction hinges on a historical phenomenon known as the halving. Every four years, the number of Bitcoins rewarded for mining new blocks is cut in half. This, in theory, reduces the supply of new coins entering the market, potentially driving up the price of existing ones. His analysis examines past halvings, showcasing a fascinating trend. Following the first halving in 2012, Bitcoin’s price skyrocketed a mind-blowing 8,300%. The second halving in 2016 saw a more modest but still impressive increase of 288%. The most recent halving in 2020 sparked a 540% surge within a year. #Bitcoin could hit $156,000 by May 27 2025! These green boxes represent the price action after #BTC halvings. We’ve never seen a red year a ..
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