RATE Group | Bitcoin halving will push BTC price to $500,000
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Bitcoin halving will push BTC price to $500,000

05 May Bitcoin halving will push BTC price to $500,000

Posted at 12:51h in Bitcoin News by

  • The CEO of Pantera Capital, Dan Morehead, predicts a Bitcoin price of $500,000 by August 2021 due to the upcoming halving.
  • Bitcoin has recently performed significantly better than many assets, such as gold or the S&P 500, America’s most important stock index.

After the Bitcoin price had risen to $9,100 a few hours ago, the price fell to $8,840 within an hour. The supposed new attempt to reach $10,000 was thus slowed down for the time being. According to several experts, Bitcoin must close above the $9,000 mark in the daily chart in order to continue to rise in the long term. However, industry giants such as Dan Morehead are not deterred from forecasting new all-time highs for Bitcoin.

Bitcoin will rise to $500,000 by August 2021

Dan Morehead sees Bitcoin halving as a great opportunity, which could catapult Bitcoin to a new all-time high. Morehead explains that in principle all parameters remain the same, only that the Mining Reward will be halved and therefore the price will…

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