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Arguments that Bitcoin will rise above $100,000
$BTC Would it be $100,000?
Famine and Halving Effect
Bitcoin's supply is limited and only 21 million BTC will be produced in total. The halving event, which occurs every four years, reduces the amount of newly produced $BTC by half. This can cause supply to decrease and demand to increase. Disruption of the supply-demand balance may lead to an increase in prices. For example, after the 2024 halving event, BTC mining costs have increased and it is predicted that prices should increase.
Famine and Halving Effect
Bitcoin's supply is limited and only 21 million BTC will be produced in total. The halving event, which occurs every four years, reduces the amount of newly produced $BTC by half. This can cause supply to decrease and demand to increase. Disruption of the supply-demand balance may lead to an increase in prices. For example, after the 2024 halving event, BTC mining costs have increased and it is predicted that prices should increase.
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