Analysts at the Bitfinex exchange believe that after halving the price of bitcoin (BTC) will rise to $150,000.
To this level, the cryptocurrency will rise in price over the next 14 months. Venture investor Tim Draper believes that BTC will reach $250,000.
Moreover, such an upsurge is possible as early as 2024. The emergence of crypto funds investing in bitcoin creates conditions for the gradual strengthening of the rate.
The main advantage of BTC is its decentralized nature. It is seen as a safe haven asset. With the help of bitcoin, it is possible to protect capitals from the devaluation of fiat currencies.
The emergence of exchange-traded crypto funds ETFs on the U.S. market, as well as halving, which will take place next week, should help BTC to reach an all-time high, Draper emphasized.