Buckle up, because the Bitcoin halving is coming, and it’s set to pack a punch. Some folks might shrug it off, saying the daily trade volume drowns out a measly 450 BTC reduction. But hold on, let’s break it down like this:
Imagine a swarm of trading bots buzzing around, buying and selling like crazy, but somehow ending up exactly where they started. Their noise fills the market, but the price barely budges. Now, picture people like Michael Saylor and hundreds of banks, announcing they will gobble up a total of 450 BTC every single day for four years. That’s like taking 35% of all the Bitcoin on exchanges off the market, a big ol’ chunk!
Experts say even a $100 million investment can bump Bitcoin’s price by 1%. So, let’s do the math (don’t worry, it’s painless!). If whales hoard 657,000 Bitcoins at $45,000 each, that’s an investment of over $29 billion. Based on that magic 1% rule, that could push the price to a whopping $178,000 per Bitcoin! And remember, this doesn’t even consider the extra hype and FOMO the halving might bring.
So, yeah, the halving might be just a 1.5% reduction, but in the grand scheme of things, it could be a game-changer. It’s like squeezing a firehose – sure, the individual drops seem small, but together they pack a powerful punch. Just remember, this is just speculation, not financial advice. But hey, buckle up, it’s gonna be a wild ride!
You’re right, 150k-200k sounds reasonable, maybe even 250k with FOMO and ETFs.