Statement from Michael Saylor After Bitcoin Halving: “I Expect a Big Price Increase”!

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Michael Saylor, founder of MicroStrategy Bitcoin He claimed that there could be a big price increase after the halving. He pointed out what happened after the previous halving in 2020, referencing similar events in the past. He also posted a celebratory tweet after the halving occurred.

Saylor Points Out a Clear Correlation Between BTC Price and Halving

Michael Saylor recalled on X that after the previous halving in 2020, the price of Bitcoin was $8,618. Bitcoin hit an all-time high of $69,000 in November 2023. In addition, it unexpectedly reached a new historical price peak in March this year before the fourth halving. reached.

As of today, with Bitcoin trading at $61,043, BTC is up nearly 800% despite all the major fluctuations over the last four years. Anthony Pompliano, a major Bitcoin proponent and venture capitalist, told CNBC this week that Bitcoin is up about 40% by 2024.

While gold is considered a physical rival of Bitcoin, it has increased by 11% in the last five years and approximately 7% so far this year. Pompliano concluded that the purchasing power of those who held gold in the last five years had decreased. Therefore, he argued, gold’s status as an asset that preserves purchasing power has been fundamentally disproved.

Michael Saylor expressed his confidence in Bitcoin in a tweet he shared for celebration purposes on the day the halving occurred in the early hours.

Analyst Plan B Predicts Rise in BTC

Well-known market analyst Plan B shared a tweet to share his bullish prediction for BTC. He made this prediction based on the Bitcoin stock-to-flow model. The analyst stated that the stock-to-flow model indicates a 2-fold increase in Bitcoin price in the first six months. He is of the opinion that the price of Bitcoin should increase 4 times for a longer period, such as the 6-18 month period after the halving.


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