Bitcoin could reach $ 400,000 in 2024, predicts a specialist who highlights the potential of halving

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The Bitcoin expert Plan B, discussed expectations about the appreciation of the main cryptocurrency in the market during a Preston Pysh podcast and argued that, according to him, Halving can make Bitcoin higher than the dollar in market value.

According to him, regardless of the price increase, the Bitcoin stock / flow ratio will undoubtedly increase, which will bring it closer to gold. For Plan B, the next halving in the reward of the Bitcoin blocks, which will take place in 2020, will be a very important event for the ecosystem, since it will double the population / flow ratio of BTC, which would increase even more Bitcoin price in 8 or 10 times.

He believes that this could raise the price of Bitcoin to something like 50,000 to 100,000 at the beginning of May next year. Thus increasing the value of the BTC market up to 2 billion dollars. However, for him this is not all, the halving of 2024, would have an even greater capacity and could raise the market value of Bitcoin by 10 billion dollars.

"A spectacular moment in time. And the value that is combined mathematically with an asset that has a value that flows between 400,000 and 1 million dollars per Bitcoin."

As Cointelegraph reported, Tim Draper, a leading Bitcoin optimist (BTC), now thinks that his own prediction that the price of BTC will reach $ 250,000 in 2022 could be underestimating the power of the main cryptocurrency.

In an interview with the Blocktv crypto news network on September 13, the famous American venture capital investor again expressed his optimistic position on Bitcoin, predicting a massive global adoption shortly, which will make Bitcoin price rise even older

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