Bitcoin hits $72,800!Bitcoin has reached a new ATH of $72,000 for the first time since November 2021, surpassing the $65,000 mark. Many are now wondering whether it's too late to invest. However, 70% of our channel's subscribers believe the price will climb to $80,000.
While Wallet does not predict future and cannot offer financial advice, we can provide some insights into halving. For those unfamiliar, halving refers to the reduction of Bitcoin miner rewards by half (find out more here), which in turn makes mining more costly and reduces the number of new coins entering the market.
The initial halving event took place in 2012 when Bitcoin's value was just $12—that's 6000 times less than today's peak. Six months after that, its value increased to $120. Subsequent halvings in 2016 and 2020 also saw price increases, but not as dramatic. After the second halving, the price went from $650 to $950, and following the third, from $9,100 to $15,000.
The fourth halving is expected to occur in April. Some analysts suggest caution, noting the market now has more participants and halving effects might already be priced in. However, the recent market dynamics indicate a more optimistic outlook among users compared to analysts.
We invite you to share your predictions in the comments: Do you think Bitcoin will surpass $100,000? What are your thoughts on buying it through Wallet?
