of over $70,000 amid positive developments in the crypto space and general optimism. And the coming halving could further provide a boost for the cryptocurrency, one that experts say might have some staying power.
“We have seen, historically, significant price increases in the months following the halving,” Grant McCarty, co-executive director of the Bitcoin Policy Institute, told the. “What’s interesting is every cycle is different, so anybody who tells you that they know exactly what is going to happen … don’t listen to that person.”
“It will definitely cross $100,000, and how far north of $100,000 — I don’t think it will go over $250,000,” he told theThe last halving occurred in May 2020. At the time, the cryptocurrency was priced at about $9,500. By the end of 2020, the price had risen to over $32,000, marking enormous 236% returns.
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