May 13, 2024

As a result of a reduction in bitcoin emissions, the price will exceed $ 280,000

As a result of a reduction in bitcoin emissions, the price will exceed $ 280,000

Research company IRA presented data according to which Bitcoin after theThe third halving will begin a rapid ascent in price terms.

Analysts Remind Bitcoin Inflationafter reducing the reward for each block found in the cryptocurrency blockchain from 12.5 to 6.25 bitcoins, it is 1.8%. This is below the inflation target (2%), which is set by the central bank (US Federal Reserve) of the world's largest economy - the US.

Vice President, Operations, IRA,Chris Kline, reported that the company saw a record volume of transactions with bitcoins in April and May. At the same time, there was an increase in the number of transfers to non-state pension funds from American citizens. As Kline comments on what is happening:

“The more investors begin to think aboutthe alternatives to investing in their funds for their future retirement, the more they focus on not only the classic stock market instruments, but also cryptocurrencies. ”

Based on such a growing interest, Klinebelieves that bitcoin can repeat its success when, after the second halving, it grew by 2237%. After the first such event, growth was 8189%. Speaking about a specific forecast, the analyst believes that "Bitcoin may soon exceed the mark of 280 thousand dollars."

Meanwhile, today Bitcoin managed to once again take an important psychological level of $ 10,000:

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