According to the creator of Bitcoin Talk Radio, Jim Blasco, closer to the end of 2020 or in the first quarter of 2021, the price of Bitcoin can reach a peak of $ 100,000 – 200,000. In his predictions, Blasco proceeds from how mining awards are calculated in the main cryptocurrency network .
Blascoe believes that change will come when the reward for the mining block is halved – from the current amount of 12.5 Bitcoin to 6.25. He believes that whenever the reward is “halved,” cryptoinvestors and miners recall the finiteness of the stock of coins. At this moment, the subjective value of the digital currency is rapidly growing: a positive “parabolic” price movement occurs.
Another analyst and practitioner Marshall Long, co-founder of the platform eBoost, which helps gamers to switch to cryptocurrency, recalls that in November 2012 the award for mining block in the Bitcoin network was reduced from 50 BTC to 25 BTC.
This led to an increase in the price "40 times from the previous maximum of $ 30 in 2011 to a new maximum of $ 1,200." Long calls growth transparency in cryptocurrency regulation another factor in the possible price increase.
Long says he will be extremely curious to see how the decision of the US Securities and Exchange Commission about Bitcoin-ETF will affect the market, since a positive verdict could potentially stimulate a new bullish trend.
