Renowned Crypto Expert PlanB Reveals When Bitcoin Will 'Go Vertical'
Wednesday, 15 May 2024, 08:32
Bitcoin's Path to 'Going Vertical'
With the majority of assets in the cryptocurrency sector slowing down their gains, Bitcoin may soon experience a surge, notably as Bitcoin miner revenue rebounds. Crypto expert PlanB highlighted the historical trend where Bitcoin's price 'goes vertical' after two to five months post-halving.
Key Factors:
- Bitcoin Miner Revenue Growth: Monthly revenue has shown consistent growth, spiking post-halving events.
- Price Prediction: PlanB projects a $500,000 average price for 2024-2028 and $4 million for 2028-2032.
- Current State: Bitcoin trades at $62,120, maintaining relative stability.
Experts and historical data indicate a favorable outlook, but the crypto industry's unpredictability necessitates caution and thorough research.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.