HomeBitcoin'Wolf Of All Streets' says Bitcoin Halving Could Make BTC Reach $240,000...

‘Wolf Of All Streets’ says Bitcoin Halving Could Make BTC Reach $240,000 .

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Scott Melker, who is also called the “Wolf Of All Streets,” has said that the upcoming Bitcoin halving could make the price of the cryptocurrency go up to $240,000. He said that during the last halving cycle, the price of bitcoin went up from $20,000 to $69,000, which is an increase of 250. 86% He said if things continue this way, Bitcoin could reach $240,000.

Scott Melker talks about what he thinks will happen with the price of Bitcoin.

Scott Melker, who is also called the “Wolf of All Streets,” gave some information about the upcoming bitcoin halving event in an article on The Street earlier this week. He also said why the event could make the price of bitcoin go up to $240,000. Melker is famous for trading, investing, writing, and hosting a podcast called the Wolf of All Streets. He won a big award from Binance in 2020 for being a big influence in North America.

“In April 2024, the number of bitcoins given out for mining blocks will be cut in half from 6. 25 to 3125″explained “This basically means that there will be only half as much new supply being issued. ” It is now twice as hard for miners to make money by mining bitcoin.

The Wolf Of All Streets said that in the last halving cycle, the price went from $20,000 to $69,000, which is an increase of 250. 86%

If we take the next 250% from the highest price of bitcoin, which is $69,000, we could see bitcoin reach around $240,000 in the next cycle.

“I know it might sound like an exaggeration to say that bitcoin could be worth $170,000 or $220,000, or even $1 million someday. ” “If it’s not broken, don’t try to fix it. ” This plan has worked before, so I believe that bitcoin will be worth over $200,000 in the future.

Many investors think the halving will make the price of bitcoin go up. Anthony Scaramucci, the founder of Skybridge Capital, thinks the halving will make the price of BTC go up to $170,000. “He said that if bitcoin is at $45,000 during the halving, which is around where it is now, it will be worth $170,000 by the middle to end of 2025. ” Earlier this month, Standard Chartered said that Bitcoin (BTC) could reach $200,000 next year. At the same time, investor Tim Draper is confident that the price of bitcoin will reach $250,000 this year. The very rich person also imagined a time when people do not desire the United States. “I don’t have any money left. “

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