Crypto:
30604
Bitcoin:
$62.609
% 4.29
BTC Dominance:
%53.6
% 0.35
Market Cap:
$2.21 T
% 1.97
Fear & Greed:
33 / 100
Bitcoin:
$ 62.609
BTC Dominance:
% 53.6
Market Cap:
$2.21 T

An Executive Gives a Date for Bitcoin’s $435K Target

Bitcoin Cash

The cryptocurrency exchange manager gave a date for Bitcoin to reach a price band of 435 thousand dollars. In a statement, Hao Yang, Bybit’s head of financial products, analyzed Bitcoin’s halving events throughout history. As a general overview, he suggested that Bitcoin could reach a price band of $435,000 in the 2028 halving period.

Yang noted that Bitcoin has increased by about 650% since its last halving and emphasized that these 4-year cycles have caused a significant rise in prices.

He suggested that if history repeats itself, the current price of $ 66,000 could rise to $ 435,000 in the next 4 years:

“When halving and price trends are examined from a very careful quantitative perspective, there is no evidence to support a positive correlation between the halving event and the BTC price. But history can be interpreted in many different ways. I certainly hope for $435,000 by 2028, but I’m not holding my breath.” Bitcoin is currently trading at $66,300, up 0.5% in the last 24 hours, according to CoinGecko data.


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