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Financial Strategist Says XRP Price Has no Limitations

Abdulkarim Abdulwahab
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Financial Strategist Says XRP Price Has no Limitations

Black Swan Capitalist co-founder and notable financial strategist Versan Aljarrah has boldly asserted that there is no ceiling to the price of XRP.

Aljarrah recently unveiled this view on X following news of Ripple’s entrance into the stablecoin market to rival established giants Circle, Tether, and Paypal. As The Crypto Basic disclosed earlier this month, Ripple is entering the $150 billion market to issue a USD-backed stablecoin on the XRP Ledger (XRPL) and Ethereum blockchains.

Part of Ripple’s motivation were projections that the current $150 billion stablecoin market could balloon to $2.8 trillion before 2030. The American crypto payment giant’s decision to issue this stablecoin through the XRP Ledger (XRPL) has continued to spark projections about the potential value of XRP, especially considering the size of the market.

Based on this premise, Aljarrah expressed conviction that there may be no limit to how high XRP could go. He emphasized that XRP “was designed for infinite scalability.” In his view, this meant that “there are no limitations on its price.” 

Furthermore, the Black Swan Capitalist co-founder argued that with widespread adoption, acceptance, and extensive utilization of XRP, the cryptocurrency will progressively “absorb all money in circulation” to enhance its liquidity and propel its value to greater heights.

XRP Army Disagrees

However, some XRP community figures did not agree with Aljarrah’s bold statement. Prominent pro-XRP YouTuber Moon Lambo pressed Aljarrah for clarification on his claim about XRP absorbing all circulating funds, questioning its rationality. 

Another X user criticized Aljarrah by suggesting he needed a reality check. Similarly, some speculated that Aljarrah’s statement was merely a tactic to garner attention, as they deemed it disconnected from reality.

Notably, the Black Swan Capitalist founder is not the first to argue that XRP’s price has no ceiling. Attorney Steven Nerayoff, an ex-advisor to Ethereum, previously conveyed this sentiment when asked about the potential of XRP reaching $100.

Based on the endeavors Ripple pursues, Nerayoff suggested that XRP’s value could continue to rise without any apparent ceiling, drawing parallels to the trajectory of the US dollar. 

Here are Top 6 XRP Price Predictions after Bitcoin Halving

Sam Wisdom Raphael
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Here are Top 6 XRP Price Predictions after Bitcoin Halving

We have compiled six of the most notable XRP price predictions after the recent Bitcoin halving event to spotlight expectations for XRP following the event.

The much-anticipated Bitcoin halving has occurred, marking the fourth time in history the Bitcoin network is recording the event. Following the implementation of the latest halving at 12:09 (UTC) today, block reward, representing the amount of new BTC created, has reduced to 3.125 per block.

With the reduced inflation rate, industry experts believe Bitcoin could record a price surge after the halving, a trend observed in previous market cycles. As a result, there are expectations of similar price surges for altcoins such as XRP. We have compiled some of the post-halving XRP price predictions to provide a glimpse of what the community expects.

XRP Price Predictions after the Bitcoin Halving

Last month, crypto analyst Leb evaluated XRP’s price movements on a 2-week timeframe, looking to project its future direction. As reported by The Crypto Basic, the analyst noted that XRP could breach its latest ATH, eventually hitting $3.84 before or right after the halving.

On March 18, another market analyst CrediBULL predicted an imminent XRP surge after the halving, but assessed this projected increase against Bitcoin’s price movements. According to CrediBULL, XRP could spike 100% against BTC in the period after the halving.

Meanwhile, Google’s experimental AI project Google Bard (now Gemini) added to the  speculations last December following queries from The Crypto Basic. Bard’s XRP price predictions hinged on projections that Bitcoin could hit $100,000 and $250,000 after the halving.

The AI chatbot projected a higher XRP surge for every 100% increase in Bitcoin’s price post-halving. As a result, it asserted that XRP could reach $38.5 if Bitcoin hits $100,000 and $46.5 if Bitcoin rallies to the ambitious $250,000 target.

The $5 Price Projections

In an assessment earlier this week, The Crypto Basic evaluated how much XRP will surge if it replicates its previous price increase following the 2020 halving. Having confirmed that XRP rose 942% from May 2020 to April 2021, the report suggested that a similar uptick would take XRP’s price to $5.2 after the recent halving.

Jake Gagain, a notable market watcher, presented a similar stance in an analysis on March 21. Gagain’s XRP price predictions involved projections for next year, months after the halving. According to him, XRP could rise to $5 in 2025. Meanwhile, analyst Dark Defender also previously set $5.85 as his XRP price target.

These XRP price predictions all project bullish momentum after the halving despite XRP’s underperformance. Its price currently sits at $0.5142 amid a 2.23% increase over the last 24 hours. This recovery push comes up after XRP slumped to a low of $0.4188 on the back of the broader market crash.

Shiba Inu Raises Alarm Over Malicious BONE Airdrop

Lele Jima
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Shiba Inu Raises Alarm Over Malicious BONE Airdrop

Shibarmy Scam Alerts issues a critical warning regarding a fake airdrop for BONE tokens targeting unsuspecting Shiba Inu community members.

Scammers persistently seek out new ways to exploit unsuspecting investors looking for new opportunities to grow their crypto holdings. In recent times, these malicious actors have targeted enthusiasts of Shiba Inu due to their relentless enthusiasm for SHIB-related projects.

However, the Shiba Inu ecosystem team and the community-driven scam alert channel Shibarmy Scam Alert (@susbarium) have always issued critical warnings to keep community members safe.

Malicious BONE Airdrop

The latest scam focuses on Bone ShibaSwap (BONE), Shibarium’s gas fee token. According to a latest X post, @susbarium uncovered an illicit email urging Shiba Inu community members to participate in an airdrop to claim BONE tokens.

Details from an accompanying screenshot show that the scammers inform potential victims about their eligibility to claim BONE as part of an ongoing token airdrop program. The scammers urge users to click the link in the email to claim the so-called BONE rewards.

Shiba Inu Warnings

Notably, the community-driven scam channel warned users who received the email not to fall for the scam as there is no official airdrop for BONE. To avoid being victims, the channel recommended that users delete the message and not click the link or the picture attached to the email.

It noted that clicking the link would redirect users to a malicious website, which could inadvertently grant the bad actors control over users’ funds.

Scams like this typically redirect victims to a malicious website where they would connect their wallets to receive the airdrop. Once you connect your wallet to the platform, you indirectly give the scammers complete access to your funds.

Not New

It is not the first time that scammers are targeting Shiba Inu enthusiasts. Shibarmy Scam Alert has exposed most of these scams. 

On April 16, the channel provided insight into the tactics most commonly used by scammers: creating and redirecting users to malicious websites to steal their information and funds.

Last month, it also exposed another scam targeting K9 (KNINE) investors, a new token in the Shiba Inu ecosystem. These warnings are imperative as they help protect Shiba Inu community members from being exploited.

David Schwartz Reveals Only Factor That Could Make Him Leave Ripple

Lele Jima
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David Schwartz Reveals Only Factor That Could Make Him Leave Ripple

Ripple CTO David Schwartz has revealed some interesting facts about himself, his early days at Ripple, and what could prompt him to leave the crypto payments company.

The Ripple CTO shared the revelation after a XRP community figure MetaMan clarified that Schwartz was merely an employee loyal to Ripple, not XRP and its underlying blockchain XRP Ledger (XRPL).

His Loyalty to Ripple and Larsen

Reacting to the tweet, Schwartz disclosed how he joined Ripple during the company’s early days. According to him, Ripple’s chairman and co-founder, Chris Larsen, invited him to join the company’s board due to his loyalty.

At the time, David Schwartz assured Larsen that his loyalty would continue as long as he deemed him the most suitable individual to lead Ripple’s operations.

Despite declaring his loyalty to Larsen, Schwartz categorically told him that his loyalty is to Ripple, not the Ripple co-founder in particular.

Notably, Schwartz praised Larsen, describing the Ripple co-founder as rational. He stated that he might be wrong if he could not convince Larsen of his perspective.

Factor That Can Make Schwartz Leave Ripple

Furthermore, Schwartz revealed that he holds a lot of Ripple’s stock. He previously noted how he chose Ripple stock over XRP when he had the chance. However, he stressed that owning Ripple stock does not imply that he must continue to work at the crypto payments behemoth.

Consequently, Schwartz stated that he would stop working at Ripple if it were no longer fun there.

Not a Billionaire Yet

Despite owning a lot of Ripple stock, Schwartz recently revealed that he was not yet a billionaire, emphasizing that he still needs to captain his yacht while his mansion is without a servant.

Recall that David Schwartz had commented on his Ripple stock holdings, a decision he considers a pretty big mistake, as he would have opted for XRP like other execs at the company.

For context, Ripple’s co-founders Arthur Britto, Chris Larsen, and Jed McCaleb received 20 billion XRP together. When Schwartz joined Ripple’s board, he opted to receive a 2% stake in the company instead of 500 million XRP.

Here’s How Many Days XRP Need To Takeoff After Each Bitcoin Halving

Sam Wisdom Raphael
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Here’s How Many Days XRP Need To Takeoff After Each Bitcoin Halving

Grok, an AI chatbot embedded in Elon Musk’s X social platform, recently highlighted the historical performance of XRP after each of the past three Bitcoin halvings.

The Bitcoin halving, one of the most anticipated events in the crypto scene, has officially taken place. On-chain data confirms that this year’s halving occurred at the 840,000th Bitcoin block today at exactly 12:09 AM (UTC).

Before the latest halving, market watchers and industry commentators discussed the price impact of the previous events on Bitcoin (BTC) and the broader crypto market, looking to spotlight a pattern of positive price movements. One such commentator was Digital Asset Investor (DAI), a media personality and XRP community figure.

XRP Historical Post-Halving Performance 

DAI leveraged Grok AI to gain insights into XRP’s performance following each of the previous Bitcoin halving events. For context, Bitcoin had witnessed three halvings before the most recent one. The first one occurred on Nov. 28, 2012, the second took place on July 9, 2016, and the third one came up on May 11, 2020.

DAI queried Grok to provide an overview of how XRP performed after each of these halving events, especially after 30 days, 60 days, 90 days, 120 days and 1 year. In its response, Grok rightly noted that no data exists for XRP’s price response to the 2012 halving, as it witnessed its first public trading prices in 2013. 

Meanwhile, with the second halving, XRP recorded a 4.85% increase after 30 days and then witnessed a rise of 5.54% after 90 days. 120 days later, XRP increased by 21.88% to $0.0063. However, a year after the halving, XRP’s price retraced, dropping by 50.72% to the $0.002 territory in July 2017.

The third halving, which occurred in May 2022, led to a similar but more encouraging price action. Notably, XRP increased 2.2% after 30 days and by 0.75% after 60 days. Over a 120-day period, XRP rose by 21.46% and then spiked by a massive 521.78% a year later to reach the $1.25 price level.

Potential Price Impact of the Latest Halving

Speaking on this overview, DAI emphasized that the 120-day period bears the most consistent attractive price action, with XRP rising 21.88% after the second halving and 21.46% after the third halving. He expects XRP to replicate this positive movement this time around but at a higher rate due to recent developments.

Notably, some of these events include the potential end of the SEC vs. Ripple litigation, which is currently in the remedies phase, the launch of Ripple’s stablecoin, expected later this year, the potential introduction of the stablecoin legislation by the U.S. Congress, and XRP’s position as the only cryptocurrency with legal clarity.

With the latest halving event having occurred, XRP is expected to record similar or higher price movements 120 days later, in mid-August. The average price increase after 120 days is 21.67%. If XRP rises by this rate, its price could see a mild push to $0.6233. 

However, factoring in the recently mentioned bullish developments surrounding the XRP ecosystem, this increase could be amplified by up to five times, resulting in a 108% increase. Surging by this rate in the next 120 days would bring XRP’s price above the $1 mark, specifically to $1.06 by August.

Nonetheless, most market watchers still believe this target is an underestimate, with some projecting prices of up to $27. Leb, another analyst, predicted XRP to hit $3.84 before or right after the halving. Moreover, The Crypto Basic recently found that should XRP replicate its entire price movements after the 2020 halving, its value could skyrocket to $5.2.

Shock Leak from China Set to Propel XRP Price: Forbes

Abdulkarim Abdulwahab
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Shock Leak from China Set to Propel XRP Price: Forbes

Forbes Senior Contributor Billy Bambrough suggests that a sudden revelation from the Chinese market could be on the verge of propelling the price of XRP.

Bambrough expressed this sentiment in a recent publication highlighting the recent market recovery from the recent dip. He noted that the crypto market, spearheaded by Bitcoin, has rebounded after last Saturday’s landslide collapse fueled by concerns over the potential escalation of the Middle East conflict.

For instance, XRP bottomed at $0.4336 over the weekend but has rallied to $0.5191 since then. Similarly, Bitcoin has surged to $66,878 after dipping to $60,919.11 on Saturday.

According to Bambrough, the emergence of Wall Street Bitcoin spot exchange-traded funds (ETFs) significantly boosted Bitcoin, XRP, and the broader crypto market. 

Now, he sees a similar boost for XRP and other cryptocurrencies re-emerging with new developments from the Chinese market. 

XRP Set for Price Blow-Up

Bambrough observed that several financial institutions in Hong Kong have leaked information suggesting that the Securities and Futures Commission (SFC) has endorsed their Bitcoin and Ethereum spot ETF applications.

Specifically, Forbes highlighted that China Asset Management, Harvest Global, and Bosera Capital declared they had received approval to list spot Bitcoin and Ethereum ETFs in Hong Kong. 

However, Bambrough pointed out the absence of an official announcement from the SFC. Moreover, he noted that the social media posts from these financial giants on the approval have been deleted.

In an email comment, industry pundit Michael Silberberg highlighted Hong Kong’s ambition as a financial hub. He noted Hong Kong is allowing spot crypto ETFs just a year after regulatory clarity for crypto exchanges.

Silberberg predicts the move will inspire global regulatory frameworks and attract capital inflows from Asia and institutional investors.  “The move also paves the way for increased liquidity, better price discovery, and enhanced market stability,” Silberberg submitted.

Furthermore, the Forbes senior contributor observed that the leaks had sparked anticipation of rivalry between the U.S. and Hong Kong for inflows into their ETFs. Alistair Milne, the CIO of Altana Digital Currency Fund, recently expressed this sentiment, noting:

“It is now a fight for capital between Hong Kong and New York to flow into their bitcoin ETFs.”

Singapore-based crypto services provider Matrixport projected that the Hong Kong spot Bitcoin and Ethereum ETFs could attract $25 billion in demand from mainland China. However, information suggests investors from China could be banned from investing in the products. Notably, U.S. Bitcoin spot ETFs have seen over $12 billion in net inflows since inception.

With Hong Kong looking to gulp similar figures, Bitcoin’s price could see a massive upswing especially following the recent halving event. As a result, the market impact of this development could propel XRP’s price to greater heights.

Shiba Inu Price Analysis: SHIB Short Traders Face $1,000,000 Losses if This Happens

Mark Brennan
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Shiba Inu Price Analysis: SHIB Short Traders Face $1,000,000 Losses if This Happens

Shiba Inu (SHIB) price has hovered within the $0.000021 – $0.000023 channel since the start of the week on April 14. After a week of consolidation, recent market movement suggests that SHIB bulls are now bracing up for a rebound phase. 

At the time of writing on April 19, SHIB was trading just above $0.0000023. As crypto investors position their traders to front-on potential gains from the Bitcoin Halving, could the SHIB price be on the brink of a $0.00003 retest? 

SHIB Tokens worth $9 million Fly Off Exchanges in 5-days

Shiba Inu price has conspicuously managed to avoid a major reversal below the $0.00002 mark this week, while the global crypto market has shed over $50 billion due to bearish headwinds from the escalating geo-political crisis in the Middle East. 

On-chain data suggests the resilient SHIB price action has been partly driven by investors opting to hold out for future gains rather than sell into the raging market FUD (Fear Uncertainty and Doubt).

Coinglass’chart below tracks the net-flow of SHIB tokens across the top 10 largest exchanges, over the last seven days dating back to April 13. 

Shiba Inu (SHIB) Price vs. Exchange Netflow | Source: Coinglass
Shiba Inu (SHIB) Price vs. Exchange Netflow | Source: Coinglass

The chart above shows that investors moved approximately $9 million worth of SHIB tokens from crypto exchange-hosted wallets between April 13 and April 19.

Negative flows of assets mean investors withdrew more tokens into cold storage than the total number of tokens deposited on exchanges during the specified period. When this trend appears during a period of flat price action, it sends positive signals for two key reasons.

Firstly, with fewer tokens readily available to be traded on exchange spot markets, the selling pressure drops significantly.

This partly explains why Shiba Inu price has consolidated above $0.00002 this week, while the other mega cap memecoins like PEPE and Dogwifhat (WIF) suffered major dips.

Furthermore, with SHIB price currently outperforming the broader meme coin market trends, strategic investors could ape-in, in hopes of an accelerated breakout once crypto sector enters a rebound phase.

While the broader crypto market has battled bearish headwinds, shedding over $50 million in market capitalization during this week, SHIB price has conspicuously managed to avoid a breaking down below the critical.

Shiba Inu Price Forecast: Bears Could Lose $1M If SHIB Reclaims $0.00025 

Drawing insights from the $9 million exchange outflows, SHIB price will likely rebound towards the $0.000030 area in the near term.

Coinglass’ Liquidation Map chart also supports this bullish Shiba Inu price outlook. It represents the value of leveraged futures contracts active at key price levels.

The number of SHIB LONG leverage positions has now exceeded the SHORTs, signaling that the majority of Shiba Inu derivatives traders are increasingly betting on an early price rebound.

Shiba Inu (SHIB) Price Forecast | Source: Coinglass
Shiba Inu (SHIB) Price Forecast | Source: Coinglass

As illustrated above, Shiba Inu SHORT traders risk  losing $1.14 million in potential liquidations if prices surge another 10% to reclaim $0.000026. If they opt to trigger stop-losses or close out their positions early, the could form a major resistance sell-wall at the $0.000025 territory. 

But, in comparison, the bulls have mounted leveraged LONG positions worth $2.09 million, which could all be liquidated if SHIB prices fall below the critical $0.00002 support level. Given that the bulls have significantly more skin in the game, SHIB price advancing towards $0.000026 currently looks more likely.

If that scenario plays out as predicted, positive sentiment surrounding the 2024 Bitcoin Halving event could see SHIB prices surge further toward the $0.000030 territory. 

Biggest Bitcoin Whales Amass $1,235,000,000 BTC Before Halving

Abdulkarim Abdulwahab
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Biggest Bitcoin Whales Amass $1,235,000,000 BTC Before Halving

The largest tier of Bitcoin holders has restocked nearly 20K BTC with a monetary value averaging $1.235 billion just before the 2024 Bitcoin halving.

As the Bitcoin network is expected to undergo a halving today, a historical pattern of accumulation has re-emerged on the side of BTC whales.

Prominent market intelligence firm IntoTheBlock recently called attention to this trend in a recent post in X. IntoTheBlock disclosed that Bitcoin whales may have begun buying BTC dips building up to the Bitcoin halving.

Giant Bitcoin Whales Buy Dip

In the latest update, the intelligence platform noted that the largest Bitcoin holders collectively increased their holdings by 19,760 BTC tokens yesterday, April 18. This group of Bitcoin holders accounts for over 0.1% of the total circulating Bitcoin. 

According to the report, they took on this latest accumulation at an average of $62,500 per BTC. This suggests that the Bitcoin whales have expended a staggering $1,235,000,000 to reload their holdings after multiple weeks of bearish volatility.

This massive acquisition has emerged as Bitcoin revisited the $59K range in the last 24 hours. Before this drop, Bitcoin experienced a 10% decline to $60,900 last Saturday. It flashed a false signal of a recovery when it rallied back to $66,878 before plummeting below $60K days later.

During the market turbulence, IntoTheBlock confirmed yesterday that these whales had not begun accumulating more tokens at the time, further depleting their holdings.

Remarkably, this latest $1.23 billion accumulation has positively impacted the asset’s price. Bitcoin has reached a high of $65,481 at press time from the $59,651 dip, marking a 9.77% gain in the last 24 hours.

A Prelude to More Significant Gains

Meanwhile, IntoTheBlock suggested this recent gain could be a preamble to a much larger bull rally. In particular, IntoTheBlock emphasized that historically, accumulations by these major Bitcoin holders have frequently foreshadowed substantial increases in Bitcoin’s price.

Furthermore, in an earlier update, the market intelligence platform presented a chart illustrating Bitcoin’s trajectory following each halving event. The graph depicted a recurring bullish trend that lasted approximately a year following the halving, during which Bitcoin’s price typically more than doubled.

For instance, after Bitcoin halved in May 2020 with a low of $8,700. Precisely a year later, the premier crypto had clinched the $64K price point. 

It is worth mentioning that Bitcoin encountered a significant price correction after the surge to $64K before the comeback that drove it to the $68K all-time high. Overall, Bitcoin recorded over a 700% gain after the 2020 halving.

Uniswap Poised to Reclaim the $10 Mark as TD Sequential Flashes Buy Signal

Sam Wisdom Raphael
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Uniswap Poised to Reclaim the $10 Mark as TD Sequential Flashes Buy Signal

Uniswap (UNI) is experiencing a bullish recovery push, with market veteran Ali Martinez expecting a rally toward $10 as the TD Sequential indicator shows a buy signal.

This shift in momentum from bearish to bullish comes amid the rebound engineered by Bitcoin (BTC) following the recent collapse below $60,000. Notably, with Israel responding to the previous Iranian attack and the U.S. Federal Reserve looking to delay rate cuts, the crypto market recorded another slump today.

As a result, UNI dropped to a low of $6.708 as it recorded sustained declines earlier today, which culminated in an 8% collapse in four hours. However, Uniswap started recovering these losses when the crypto market witnessed a resurgence.

Uniswap Stages a Comeback

UNI is now up 12.7% from its intraday low, as it pushes to reclaim and hold above the $8 psychological threshold. With the bullish momentum picking up, Ali recently confirmed in his latest analysis that Uniswap is on the verge of a more impressive price rally that could extend for one to four days.

According to him, the factor prompting his confidence in this price surge is the TD Sequential indicator. For context, market analysts typically use this indicator to identify potential trend reversals or trend continuation points for a cryptocurrency. 

When a buy signal flashes, it indicates that there is a potential opportunity to purchase an asset as it suggests the beginning of a bullish trend or a continuation of an existing upward trend. Data from an accompanying chart suggests that the TD Sequential is currently flashing this signal for UNI on the daily timeframe. 

Resistance Levels Below $10

With Uniswap looking to solidify its recently engineered bullish momentum, the indicator signals growing strength that could help bolster the recovery push. Ali expects this strength to propel UNI toward the $10 level, last seen earlier this month.

However, data from the market analyst’s chart shows multiple resistance levels UNI could face on the path to $10. The first resistance sits at the Fibonacci 0.618 zone, which currently aligns with $8.633. Breaching this point would take Uniswap toward the $9 price territory for the first time in a week.

Nonetheless, UNI is likely to witness another pivotal resistance at $9.535, stationed at Fib. 0.5. Should Uniswap capture this level, the recovery push to $10 could finally materialize. This momentum could be bolstered by the resurgence of the bulls, as UNI has witnessed a bullish long/short ratio of 2.18 over the last day, per Coinalyze data.

Uniswap UNI LongShort Ratio Coinalyze
Uniswap Long|Short Ratio | Coinalyze

This comes amid a 5.34% increase in Open Interest to over $74 million in the past 24 hours. The imminent Bitcoin halving could further support the growing momentum. Uniswap currently changes hands at $7.569, up 9.62% since yesterday. Its immediate goal at this point is to reclaim the 50-day EMA currently pegged at $7.888.

Here are Top Bitcoin Predictions After BTC Halving 

Lele Jima
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Here are Top Bitcoin Predictions After BTC Halving 

With the upcoming Bitcoin halving slated to occur in the next few hours, we’ve compiled the top predictions for BTC price after the highly anticipated event. 

Bitcoin Halving, one of the most anticipated events in the crypto industry, is imminent. According to CoinMarketCap, this season’s long-awaited halving will occur in the next 12 hours.  

The event, which takes place every four years, is designed to reduce the rate at which new BTC is created by slashing miners’ rewards in half. Bitcoin miners’ rewards will be reduced to 3.125 BTC per block compared to the current 6.25 BTC. 

Interestingly, most Bitcoin proponents believe the halving mechanism helps bolster BTC price in accordance with basic economic principles. The principle notes that the lower the supply rate of a commodity, the higher its demand, thus leading to a surge in its price. 

Bitcoin Historical Price During Halving 

A popular crypto proponent, Rizzo, took to X to highlight Bitcoin’s price during each halving event. According to Rizzo, Bitcoin has continuously added a zero to its price since the first halving in 2012. 

Rizzo noted that when the first Bitcoin halving occurred in 2012, BTC changed hands at $10. During the second and third halvings in 2016 and 2020, BTC traded at $650 and $8,800, respectively. 

With the fourth halving imminent in a few hours, Bitcoin was trading at $64,842 at press time, up 3.42% over the past day. 

Based on Rizzo’s observation that Bitcoin usually adds a zero to its price during every halving, a unit of BTC could be worth at least $100,000 at the time of the fifth halving, which is slated to occur by 2028. 

Historically, Bitcoin usually witnessed a spike in price several months after each halving event. For instance, Bitcoin, which traded at around $8,800 during the third and last halving, is currently worth $64,842. This indicates that Bitcoin’s price has surged 636.84% since the last halving. 

Top Predictions for BTC After Halving 

Interestingly, several market watchers and experts have projected that Bitcoin will follow the same pattern of previous halvings and embark on a jaw-dropping rally. Many of these experts project that Bitcoin could surge as high as $150,000 after the highly anticipated halving. 

This prediction is supported by experts such as Thomas Lee, Fundstrat’s head of research; Mark Yusko of Morgan Creek Capital Management; Standard Chartered, a leading financial institution; and Bernstein, a top asset manager.  

In particular, while Lee and Standard Chartered expect Bitcoin to hit the $150,000 price level by year-end, Yusko and Berstein speculate that their $150,000 prediction for BTC will come true by 2025

Furthermore, Robert Kiyosaki, the author of the popular financial literacy book “Rich Dad Poor Dad,” asserted that Bitcoin will reach a price target of $100,000 by June 2024, two months after halving. 

Last month, Michael Novogratz, the CEO of Galaxy Digital, believed Bitcoin will hit a target of $100,000 this year. Meanwhile, legendary trader Peter Brandt set an audacious target of $200,000 for Bitcoin in this season’s bull cycle, expected to materialize after the halving event. 

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