Ofcourse it wont, not this year anyways, but if we remain over 200-250$ for a period longer than ~6months, that would give us a nice backend for progress forward to >1000 again,
and same like everyone else, im pretty sure that will happen by next year's end.
All we need now is for bitcoin to be as legal as it can be, let them regulate it, let them fight our fight, and when the halving comes, it will trigger a cascade reaction, possibly even above 1k usd.
cheers
I think people expect too much from the block halving.
If you read threads and posts from people, they think it will go to + $1K directly, etc.
That's just nonsense. Only because there is 50% less supply people expect the price to rise 400% ? Doesn't make sense.
Sure it will rise because there is less supply, but the rise will start probably 6 months before the actual halving takes place.
And at the day the block halving really starts, the price is already there where it must be. From there price will go down or either react on other news.
Of course it is non-sense, but that is how speculation works. The power of speculating and greed make any number seem plausible. Unfortunately.
