{"id":604059,"date":"2024-04-19T14:00:44","date_gmt":"2024-04-19T14:00:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=604059"},"modified":"2024-06-11T07:01:12","modified_gmt":"2024-06-11T07:01:12","slug":"bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo\/","title":{"rendered":"Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO"},"content":{"rendered":"

As the cryptocurrency community excitedly awaits the impending Bitcoin halving, Bitwise Chief Executive Officer (CEO) <\/span>Hunter Horsley<\/span><\/a> has weighed in on its impact on BTC, predicting that the event could potentially propel prices to $100,000 or even higher.<\/span><\/p>\n

Horsley <\/span>expressed<\/span><\/a> his optimistic outlook toward the upcoming Bitcoin Halving on the X (formerly Twitter) platform. Every four years, the Halving has historically been linked to greater price increases, and Horsley’s upbeat view indicates that this cycle might be no different from the others.<\/span><\/p>\n

Upcoming Bitcoin Halving Is Being Underestimated<\/span><\/h2>\n

According to the CEO, the much-anticipated event is presently being significantly underestimated in the crypto space. He claims that the market has never priced in it in the past, and it will not be priced in this time either, expressing his confidence toward the occasion.<\/span><\/p>\n

Related Reading: Bitwise CEO Predicts $11 Billion Drop In Bitcoin Supply Post Halving<\/a><\/div>\n

Horsley highlighted the historical relevance and transformative implications of these occurrences, drawing comparisons with past <\/span>Halving<\/span><\/a>s and citing the notable profits that investors achieved in 2020, 2016, and 2012. He stated that following months of debate by investors on whether the previous three halvings were priced in, <\/span>Bitcoin<\/span><\/a> grew by 5.4x, 2.8x, and 88x, respectively.<\/span><\/p>\n

Given the past price developments, the Bitwise CEO anticipates this Halving to serve as a catalyst for the $100,000 target for BTC. Horsley’s prediction seems very reasonable since the figure is just about a 47% increase from the digital asset’s current price.<\/span><\/p>\n

It is worth noting that the opinions of fully deployed current holders are not used to measure the impact of the Halving. Rather, it depends on whether there will be a significant and sustained increase in demand in addition to the daily decrease in the supply of natural sellers.\u00a0<\/span><\/p>\n

In all, the <\/span>Bitwise<\/span><\/a> CEO foresees a steady growth in demand along with the conditions for a substantial Halving event this year. As investors prepare for the possible impact of this historic occasion on Bitcoin’s price trajectory, this audacious prognosis highlights the possibility of massive price increases not only in BTC but the entire cryptocurrency market.<\/span><\/p>\n

BTC Move Into No Man’s Land<\/span><\/h2>\n

With the Halving less than 24 hours away, Cold Blooded Shiller, a cryptocurrency analyst, has <\/span>reported<\/span><\/a> that Bitcoin has entered No Man’s Land. “There are some interesting discussion points on <\/span>BTC<\/span><\/a> right now, but we have just entered No Man’s Land,” he stated.<\/span><\/p>\n

Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different?<\/a><\/div>\n

According to Shiller, until one of the two green zones highlighted in his chart is contacted, he believes the price action is far more unpredictable. Nonetheless, there are some interesting links here for former price action and Relative Strength Index (RSI).<\/span><\/p>\n

The analyst claimed the RSI is currently resetting on the Higher Time Frame (HTF), and the last time it occurred was back in January, following a similar breakdown from consolidation seen now. <\/span><\/p>\n

While Shiller does not think the results will be the same this time, it’s quite reasonable if no recovery happens due to this degree of loss.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $65,207 on the 1D chart | Source: BTCUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from iStock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

As the cryptocurrency community excitedly awaits the impending Bitcoin halving, Bitwise Chief Executive Officer (CEO) Hunter Horsley has weighed in on its impact on BTC, predicting that the event could potentially propel prices to $100,000 or even higher. Horsley expressed his optimistic outlook toward the upcoming Bitcoin Halving on the X (formerly Twitter) platform. Every four years, the Halving has historically been linked to greater price increases, and Horsley’s upbeat view indicates that this cycle might be no different from the others. Upcoming Bitcoin Halving Is Being Underestimated According to the CEO, the much-anticipated event is presently being significantly underestimated in the crypto space. He claims that the market has never priced in it in the past, and it will not be priced in this time either, expressing his confidence toward the occasion. Related Reading: Bitwise CEO Predicts $11 Billion Drop In Bitcoin Supply Post Halving Horsley highlighted the historical relevance and transformative implications of these occurrences, drawing comparisons with past Halvings and citing the notable profits that investors achieved in 2020, 2016, and 2012. He stated that following months of debate by investors on whether the previous three halvings were priced in, Bitcoin grew by 5.4x, 2.8x, and 88x, respectively. Given the past price developments, the Bitwise CEO anticipates this Halving to serve as a catalyst for the $100,000 target for BTC. Horsley’s prediction seems very reasonable since the figure is just about a 47% increase from the digital asset’s current price. It is worth noting that the opinions of fully deployed current holders are not used to measure the impact of the Halving. Rather, it depends on whether there will be a significant and sustained increase in demand in addition to the daily decrease in the supply of natural sellers.\u00a0 In all, the Bitwise CEO foresees a steady growth in demand along with the conditions for a substantial Halving event this year. As investors prepare for the possible impact of this historic occasion on Bitcoin’s price trajectory, this audacious prognosis highlights the possibility of massive price increases not only in BTC but the entire cryptocurrency market. BTC Move Into No Man’s Land With the Halving less than 24 hours away, Cold Blooded Shiller, a cryptocurrency analyst, has reported that Bitcoin has entered No Man’s Land. “There are some interesting discussion points on BTC right now, but we have just entered No Man’s Land,” he stated. Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? According to Shiller, until one of the two green zones highlighted in his chart is contacted, he believes the price action is far more unpredictable. Nonetheless, there are some interesting links here for former price action and Relative Strength Index (RSI). The analyst claimed the RSI is currently resetting on the Higher Time Frame (HTF), and the last time it occurred was back in January, following a similar breakdown from consolidation seen now. While Shiller does not think the results will be the same this time, it’s quite reasonable if no recovery happens due to this degree of loss. Featured image from iStock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":602235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,8856,92122,1119,1144,78790,66289,91971,16393,14763],"class_list":["post-604059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-halving","tag-bitwise-ceo","tag-btc","tag-btcusd","tag-btcusdt","tag-cold-blooded-shiller","tag-hunter-horsley","tag-relative-strength-index","tag-rsi"],"acf":[],"yoast_head":"\nBitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO<\/title>\n<meta name=\"description\" content=\"Bitwise CEO Hunter Horsley has prediction that Bitcoin Halving could potentially propel prices to $100,000 or even higher.\" \/>\n<meta name=\"robots\" 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/ktsl888.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO","url":"http:\/\/ktsl888.com\/news\/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?fit=1254%2C836"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin halving","bitwise ceo","btc","btcusd","btcusdt","cold blooded shiller","hunter horsley","relative strength index","rsi"],"dateCreated":"2024-04-19T14:00:44Z","datePublished":"2024-04-19T14:00:44Z","dateModified":"2024-06-11T07:01:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-halving-could-catalyzed-100000-price-surge-bitwise-ceo\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1326202724.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/iStock-1326202724.jpg?fit=1254%2C836\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin halving\",\"bitwise ceo\",\"btc\",\"btcusd\",\"btcusdt\",\"cold blooded shiller\",\"hunter horsley\",\"relative strength index\",\"rsi\"],\"dateCreated\":\"2024-04-19T14:00:44Z\",\"datePublished\":\"2024-04-19T14:00:44Z\",\"dateModified\":\"2024-06-11T07:01:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/iStock-1326202724.jpg?fit=1254%2C836","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604059"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=604059"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/604059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/602235"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=604059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=604059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=604059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}