Famous Bitcoin Supporter Billionaire Increased His 2024 Year-End Target! Here is the New BTC Target!

It has been in the consolidation phase since March BitcoinVoices of rise began to be heard again in .

While senior analysts say that many data give bullish signals for BTC Famous billionaire Chamath Palihapitiya predicted that Bitcoin will reach $500,000 by the end of this year.

The famous billionaire, who based this prediction on previous halving cycle data, said that the halving will occur within the next 18 months. BTC He said it would be an important catalyst for the price.

Palihapitiya, who made a prediction based on the increase rate of Bitcoin after previous halvings and used Bitcoin’s performance after the third halving as a model, claims that Bitcoin will reach $ 497,977 by October 2025.

The famous billionaire said that if Bitcoin’s average price performance is experienced again after the second and third halvings, the BTC price will rise up to $ 1.14 million.

Stating that this price increase will be followed by increasing BTC adoption outside the historical model, Palihapitiya said:

“If Bitcoin performs as in previous halving cycles, the price will reach $ 500,000 by the end of this year; It may exceed $1 million next year.

This increase will follow the historical pattern and increased Bitcoin adoption. Similar to El Salvador, we are seeing an increasing number of countries adopting Bitcoin.

Countries will look at local currencies, then they will look at Bitcoin, and then they will say both of these things are needed.

You will use one when you trade for random goods and services on a daily basis, and the second, Bitcoin, when you need to purchase a permanent asset that must have a value.”

Bitcoin At the time of writing, it continues to trade at $68,880.

*This is not investment advice.