❗Will HISTORY REPEAT? In a possible similar scenario, the target for Bitcoin is between $150,000-180,000.
I explained my long-term plan in my previous post. I created this based on historical data and my experience. I am sharing my plan so that the new investor does not have the painful experience of being alone and losing money. Let's see what happened in the past years and whether history will repeat itself.
Retrospect and Analysis
Start in 2009: Bitcoin started with a mining reward of 50 BTC per block.
2012 Halving: Reduced the reward to 25 BTC, causing the price to rise from around $12 to over $200 in a year.
2016 Halving: The mining reward dropped further to 12.5 BTC, a record high when Bitcoin reached around $19,700 in December 2017.
2020 Halving: The reward dropped to 6.25 BTC and then the price rose from $8,787 to nearly $69,000 by November 2021.
2024 Halving: I expressed my opinion in previous posts. What do you think?
Stay tuned, stay healthy.