Michael Saylor on BTC Price in Connection to Halving
Hey folks.
Michael Saylor, founder of the Microstrategy businesses Intelligent giant has hinted at the massive surge in the price of Bitcoin after its halving. In this connection he turned to how previous events developed after the previous halving back in 2020.
The founder and former CEO of the aforementioned corporate behemoth, who is currently in charge of its Bitcoin strategy, hinted on X that he expects the price of Bitcoin could get a tremendous boost after its fourth halving.
Sharing with his followers, reminding them that after the previous halving hit the flagship crypto in the year 2020, the price of Bitcoin got to $8,618. In November 2021, the price of Bitcoin hit an all time high of $69,000 and then quite unexpectedly surged to a new historic price peak this year in March before the arrival of fourth halving.
Bitcoin has climbed by around 800% as of right now, when it is trading above $65k, despite the extreme volatility that has been witnessed over the past four years.
Gold, the physical competitor of Bitcoin, has risen 11% over the last five years and has gained by only roughly 7% so far this year.
It's not a financial advice.
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