The number of observers, traders, and investors who are optimistic about Bitcoin keeps growing as the halving event draws closer. Many are of the opinion that Bitcoin would rally past its previous high since the usual trend is that Bitcoin records a new high after every halving.
Bitcoin educator and developer, Jimmy Song, has once again aired his optimistic view about Bitcoin. After positing that regret is ahead for no-coiners in a previous statement, the Bitcoin maximalist just gave his fellow Bitcoin holders huge hope that BTC would soon rocket high.
Although Jimmy Song did not forecast a price range the cryptocurrency would be reaching this time, but he hinted that Bitcoin could bring glory for its holders soon.
Song, revealing his optimism and bullishness on Bitcoin, explained that the best days are ahead for holders of the virtual currency.
“If you own Bitcoin, your best days are ahead of you,” Song mentioned.
The positive proposition was greeted by cheer-up from his followers on Twitter as they back his opinion about Bitcoin’s growth.
If you own #Bitcoin, your best days are ahead of you.
— Jimmy Song (송재준) (@jimmysong) May 5, 2020
At press time, a unit of Bitcoin has surged past $9,320 having added over 3% to its value against the US Dollars.
Pantera Capital CEO say Bitcoin Could Reach $115K by August 2021
The CEO of crypto token-focused investment firm Pantera Capital, Dan Morehead, has disclosed to investors in a newsletter that Bitcoin could spike high, reaching $115K unit price by august 2021.
The CEO made the prediction in line with expectations from the upcoming halving and the YTD performance of Bitcoin in the market.
He explained in a blog post that Bitcoin has greater chances of spiking, predicting that the cryptocurrency would go above $100K by August 2021.
“The reduction in supply is only 40% as great as in 2016. If this relationship holds, that would imply about 40% as much price impulse — bitcoin would peak at $115,212 /BTC”.
While explaining Bitcoin’s historical trend in line with the halving event, Morehead said:
“Bitcoin has historically bottomed 459 days prior to the halving, climbed leading into it, and then exploded to the upside afterwards. The post-halving rallies have averaged 446 days — from the halving to the peak of that bull cycle.”
Morehead, in a previous tweet, explained that the ongoing financial crisis would bode well for Bitcoin adding that the digital asset has outperformed Gold’s performance Year-to-date.
#Bitcoin overtakes Gold Year-To-Date.
Bitcoin was born in a financial crisis. It will come of age in this one. pic.twitter.com/Lw2Sn9RtR1
— Dan Morehead (@dan_pantera) April 29, 2020
