Savvy

Litecoin

Bitcoin

Read

<ul> 
 <li>Jesse Myers challenges market efficiency, forecasting BTC’s rise to $100K within 12-18 months post-halving.</li> 
 <li>Anticipation builds as block rewards decrease, impacting supply and demand.</li> 
 <li>Previous cycles indicate BTC’s peak comes after halving, aligning with Stockmoney Lizards’ projection for new highs in 2024.</li> 
</ul> 
<p>Bitcoin’s trajectory towards a $100,000 valuation following the 2024 halving gains credence as Bitcoin investment expert Jesse Myers challenges market efficiency assumptions. Myers boldly forecasts that the surge to $100,000 will materialize within 12 to 18 months after the halving event.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">According to Bitcoin investment exec Jesse Myers, the BTC price is unlikely to reach $100K before the 2024 halving. He believes that the impact of the halving on the market may take a year or more to be seen. <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/hashtag/HalvingImpact?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#HalvingImpact</a> <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a></p>— Block Savvy (@Block_Savvy) <a href="https://twitter.com/Block_Savvy/status/1691397225912406016?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 15, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>Myers’ forecast diverges from the ongoing <a href="https://twitter.com/theRealKiyosaki/status/1691174700234477570?s=20" target="_blank" rel="noopener noreferrer nofollow">speculation surrounding Bitcoin’s future price</a> trajectory and conventional notions of immediate market response. His skepticism hinges on the concept of market efficiency, which he disputes in the context of Bitcoin halving events. He asserts that the effects of the halving will only be fully “priced in” by the market well after the event unfolds.</p> 
<p>Discussions center around diminishing block rewards from 6.25 BTC to 3.125 BTC as the cryptocurrency community anticipates the impending halving in the first half of 2024. Myers contends that these repercussions won’t manifest instantly but rather over the mentioned 12 to 18-month window, challenging prevailing assumptions.</p> 
<p>This perspective finds support in historical data, with previous Bitcoin halving cycles indicating that substantial price gains tend to materialize post-halving. Trading team Stockmoney Lizards further underscores this view, revealing that BTC/USD historically took up to 240 days to reach a new all-time high after halving.</p> 
<p>Myers’ contrarian stance, combined with historical precedent, set the stage for a compelling phase in the cryptocurrency realm. With market dynamics poised for transformation and excitement building, the path to a six-figure Bitcoin valuation gains traction, promising a period of growth and innovation.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway Alert: Win 100 USDT <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f389.png" alt="🎉" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Participate in our exciting giveaway! <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Follow <a href="https://twitter.com/cryptonewsland?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoNewsLand</a> . <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Join our Telegram <br> channel : <a href="https://t.co/DANjSIzz6f" rel="noopener noreferrer nofollow">https://t.co/DANjSIzz6f</a><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Like and Retweet this post <br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f539.png" alt="🔹" class="wp-smiley" style="height: 1em; max-height: 1em;"> Tag your 3 friends in the comments<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f5d3.png" alt="🗓" class="wp-smiley" style="height: 1em; max-height: 1em;"> Giveaway ends on Aug 29th. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f3c6.png" alt="🏆" class="wp-smiley" style="height: 1em; max-height: 1em;"> Winners… <a href="https://t.co/eFMJBHv99w" rel="noopener noreferrer nofollow">pic.twitter.com/eFMJBHv99w</a></p>— Cryptonewsland (@cryptonewsland) <a href="https://twitter.com/cryptonewsland/status/1686260181628297216?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 1, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/bitcoin-halving-why-bitcoin-halving-matters/" rel="noopener noreferrer nofollow">Bitcoin Halving: Why Bitcoin Halving Matters</a></li> 
 <li><a href="https://cryptonewsland.com/upcoming-crypto-halvings-ltc-dash-btc/" rel="noopener noreferrer nofollow">Countdown to Crypto Halvings: LTC, DASH, and BTC</a></li> 
 <li><a href="https://cryptonewsland.com/redditors-discuss-crypto-trading-strategies-amid-bitcoin-halving/" rel="noopener noreferrer nofollow">Redditors Discuss Crypto Trading Strategies Amid Bitcoin Halving</a></li> 
 <li><a href="https://cryptonewsland.com/litecoin-lingers-at-13-weekly-gain-with-2-months-left-before-halving/" rel="noopener noreferrer nofollow">Litecoin Lingers at 13% Weekly Gain With 2 Months Left Before Halving</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-halving-eyes-massive-surge-despite-global-inflation/" rel="noopener noreferrer nofollow">Bitcoin Halving Eyes Massive Surge Despite Global Inflation</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/bitcoin-poised-for-100k-surge-following-2024-halving-expert-predicts/">Bitcoin Poised for $100K Surge Following 2024 Halving, Expert Predicts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Poised for $100K Surge Following 2024 Halving, Expert Predicts

Crypto News Land

Other articles published on Aug 15, 2023

Rich Dad Poor Dad Author, Robert Kiyosaki Predicts Bitcoin Price to Hit $1 Million

Bitcoin halving 2024 predictions point to $100,000 milestone

$XRP’s AUM Rockets Up by 127% YTD, Garnering Significant Institutional Attention

Prime Trust’s Bankruptcy Began in December 2021: Regulators

Cardano’s Charles Hoskinson Amplifies Rivalry, Critiques Ethereum’s Staking Mechanism

Former SEC Official Anticipates Resignation of Gary Gensler

Join our free newsletter for daily crypto updates!