Nearly 60% of investors said they expect bitcoin to rally after halving in April 2024

Nearly 60% of investors said they expect bitcoin to rally after halving in April 2024

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Author: James Soplin
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Nearly 60% of investors said they expect Bitcoin to rally after halving in April 2024

More than 17% of investors believe there will be no sustained Bitcoin rally after halving in April 2024


 

Almost 60% of investors expect a post-halving bitcoin rally in 2024, a survey conducted by a blogger under the pseudonym PlanB on social network X  showed. In total, more than 19 thousand users took part in the poll (at the time of publication), with 1.8 million people subscribed to the PlanB account.

The blogger asked subscribers whether the halving of bitcoin in April 2024 will lead to a new bull market, as it was in 2012, 2016, and 2020, or whether this is a different case and no bull market is expected in 2024-2025.

What is Bitcoin halving and how will it affect the price of the first cryptocurrency

To this, 59.6% of participants said they expect it, 17.5% said it won't happen, and 23% found it difficult to answer.

In July, the head of Morgan Creek Mark Yusko predicted bitcoin growth to $300 thousand by 2028. This figure can be achieved primarily due to halving, he believes.

At the same time, analysts at Fundstrat believe that Bitcoin could grow to $180 thousand before halving next year. The launch of bitcoin-ETF can increase the daily demand for bitcoins by $100 million, experts predicted.

 

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