Bitcoin target price

Hacking activity ebbed and flowed throughout the year, with huge spikes in March and October, the latter of which became the biggest single month ever for cryptocurrency hacking, as $775.7 million was stolen in 32 separate attacks. What will bitcoin be worth in 2022 Therefore if interest rates ease and the economy grows, Bitcoin could continue to rally with bullish equities markets. The better the macro climate, the better for Bitcoin price.

One of the reasons why experts are bullish on Bitcoin is that, next year, 2024, is a year for Bitcoin’s halving event. The Bitcoin halving event happens every four years in which Bitcoin rewards to its miners are cut in half, (miner’s payout will be reduced to 3.125 BTC). This event is generally viewed as positive for Bitcoin’s price, as halving helps in contracting supply. Historically, halving has been seen as a very good sign for bringing momentum in Bitcoin’s price. How has the price of Bitcoin changed in recent months? Louis Navellier is the Founder and Chairman of a $2.5 billion asset management firm, Navellier $ Associates, in Reno, Nevada. He gives market analysis on leading media houses like Bloomberg, CNBC, and Fox News.