Though there is no denial in the fact that any comment, as well as predictions in this crypto world, have to through enormous checkpoints where the majority of the traders don’t even know what to believe in. However, a recent statement or prediction(to be specific) made by PlanB, a quantitative analyst in the field of Bitcoin and crypto market, doesn’t seem like mere speculation. In fact its a prediction made on the basis of not only maths and logic but also on historical data. It also symbolizes the trends that are yet to come in the crypto market.
SO WHAT IS THE PREDICTION ALL ABOUT?
After May 2020 halving, the predicted market value of Bitcoin is $1trn, which symbolizes in a Bitcoin price of $55,000. Or in simple words, the next halving will lead to $55,000 Bitcoin.
This was the actual argument given by the analyst PlanB.
Now, this is undoubtedly going to marvelous news for those who have already been stacked in the bear market for quite long now because this prediction indicates 10x of the current prices.
HOW THIS HALVENING IS GOING TO SHAPE THE BITCOIN?
According to PlanB, in order to maintain the beauty of the market to the wealthy individuals who try to protect their investments from quantitative easing, it’s important that the introduction of new coins are minimized so that existing stock doesn’t get diluted.
Hence he believes that as soon as this halvening takes place, few new coins will be introduced and a lower inflation rate will be maintained.
This will ultimately help in shaping the Bitcoin in a better way than ever.