Hallo Traders!
Such reflection
Bitcoin's growth potential is still huge and it could be really interesting by the end of the year. This chart shows that bitcoin is taking a 20-fold increase. Get to know the details.
According to Coinmetrics data, modified by ChartsBTC, which tracks market patterns from every four-year bitcoin halving cycle (epoch), the cryptocurrency is on its way to $ 300,000 later this year.
The Bitcoin Age is basically a four-year period that comes with specific mining rewards. It started in 2009 with the first block and a mining award of 50 BTC and has been going on for 12 years now. In each of the four eras on the chart, the price of bitcoin did only one thing: it grew.
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$ 300,000 by the end of the year?
From the inception of the network to the end of the first halving cycle - from 2009 to 2012 - the price of bitcoin rose from $ 0 to just above $ 25. The second and third epochs saw bitcoin grow by 20x. For the third to fourth halving period, Bitcoin could follow the same pattern and grow 20-fold in the near future, with the potential for even greater growth in the coming years if, of course, history were to repeat itself. Following this lead, the price of bitcoin could reach $ 300,000 this year.
Best regards and invest with your head if you play
Such reflection
Bitcoin's growth potential is still huge and it could be really interesting by the end of the year. This chart shows that bitcoin is taking a 20-fold increase. Get to know the details.
According to Coinmetrics data, modified by ChartsBTC, which tracks market patterns from every four-year bitcoin halving cycle (epoch), the cryptocurrency is on its way to $ 300,000 later this year.
The Bitcoin Age is basically a four-year period that comes with specific mining rewards. It started in 2009 with the first block and a mining award of 50 BTC and has been going on for 12 years now. In each of the four eras on the chart, the price of bitcoin did only one thing: it grew.
----------------------------
$ 300,000 by the end of the year?
From the inception of the network to the end of the first halving cycle - from 2009 to 2012 - the price of bitcoin rose from $ 0 to just above $ 25. The second and third epochs saw bitcoin grow by 20x. For the third to fourth halving period, Bitcoin could follow the same pattern and grow 20-fold in the near future, with the potential for even greater growth in the coming years if, of course, history were to repeat itself. Following this lead, the price of bitcoin could reach $ 300,000 this year.
Best regards and invest with your head if you play
