It became known when bitcoin cryptocurrency will grow by 1250%

According to a recent report by Blockware Solutions, after the 2024 halving, the price of bitcoin could rise to $ 400,000, which would add 1250% to its current value.

Blockware analysts predict: halving will bring miners more than $ 2 billion in annual revenue. Experts estimate that in April 2024, the price of BTC should rise to around $ 5,000, followed by a 12-fold jump to $ 420,000. As a result, the market capitalization of the market leader may reach a total of $ 12 trillion.

The document also emphasizes that the expected change in the number of miners after halving is likely to increase the profitability of proven miners and thereby reduce sales pressure. «Although the halving cycles are most often repeated, the 2024 round may be the most successful, including due to the depreciation of the fiat,» Blockware Solutions emphasized. «There will be less available BTC than in previous cycles, so this halving is different,» the report concluded.

Many cryptocurrency experts are positive about the market leader’s prospects for the next year. For example, analysts from Standard Chartered have adjusted their expectations and noted that after halving, BTC will reach the $ 120,000 price mark. A popular expert at PlanB predicts that the main digital coin will be trading at $ 100,000 in 2024.

According to the founder of Morgan Creek Capital Management, Mark Yusko, the flagship of the crypto market could reach $ 300,000 by 2028. According to Mark Yusko, the price of $ 300,000 can be achieved primarily through halving. The next halving will take place in April 2024, and then in 2028. At the same time, the expert believes that next year bitcoin will be able to reach the $ 100,000 mark.