U.Today - , a blockchain investment firm, has made a bold prediction about Bitcoin's future price. According to Pantera, the next Bitcoin halving is expected to occur on April 20, 2024. If history repeats itself, Bitcoin could rise to $35,000 before the halving and soar to $148,000 afterward. This prediction comes amid a favorable backdrop, including the ruling and endorsements from financial giants like BlackRock (NYSE:BLK).
Bitcoin's price performance: Year in review
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Halving effect
The recent ruling in favor of , where it was marked as a nonsecurity, has also buoyed the crypto market. Endorsements from institutional investors like BlackRock further provide a strong setup for a new bull market in digital assets.
While Pantera's prediction is optimistic, it is essential to approach it with caution. The crypto market is highly volatile and influenced by a myriad of factors, including regulatory developments and macroeconomic conditions. Moreover, past performance is not indicative of future results.