Nexo co-founder: Bitcoin price should double in no more than 8 months
According to Antoni Trenchev, co-founder of cryptocurrency lending platform Nexo, "If we look at the previous halving, Bitcoin's price should double in less than 8 months." This is obviously a bullish view, which is not uncommon among Bitcoin enthusiasts. Gareth Rhodes, Managing Director of Pacific Street, said, "This makes sense because the more supply restrictions are expected, the higher the price will rise." Greg Beard, CEO of Stronghold Digital Mining, said that although people's enthusiasm for Bitcoin halving may be exaggerated, the recent rebound of Bitcoin is "far from a momentary frenzy." "With the acceptance of institutions, Bitcoin is maturing," "It is not surprising that the price of Bitcoin will rise sharply in the next two years." However, famous cryptocurrency commentator Molly White warned that "it is still unclear to what extent past price fluctuations were caused by halving or just related to it," and "the last halving coincided with a major macroeconomic change caused by the epidemic, prompting a wave of short-term traders to enter the cryptocurrency market."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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