Of course they will be in favor of #BTC because Blackrock has a report showing investors that BTC is not only a safe investment asset but also a capital protection against various hostile scenarios that threaten a country's economy, such as wars, epidemics, etc. I'm betting on #BTC at $115,000.00 in 2024
I find it very intriguing that such a simple quadratic function model has a coefficient of determination of 100%. Every halving year, #BTC has had a positive year, starting in 2012, with +90% appreciation. In the 2016 halving, +94%. In the 2020 halving, +118%. If the market follows the model for this year of 2024, as in the photo, #BTC will have +162% appreciation, reaching a price of $ 115.000.
Historically, every halving year #bitcoin ends the year in the positive, with a return above 90%. So far we are at 44.5%. If history repeats itself, we still have a good margin.