BTC price won't hit $100K before 2024 halving — Bitcoin investment exec

Bitcoin (BTC) volition lone deed six figures aft its 2024 artifact subsidy halving, not before, Bitcoin capitalist and writer Jesse Myers believes.

In an X post connected Aug. 15, Myers, who is co-founder of Bitcoin concern steadfast Onramp, said that the marketplace volition lone “price in” the halving post factum.

Markets not "efficient" with Bitcoin halving

Bitcoin’s four-year halving cycles are backmost successful absorption arsenic the adjacent halving lawsuit looms successful the archetypal fractional of adjacent year.

Miners volition spot the reward earned per artifact of transactions driblet from 6.25 BTC to 3.125 BTC, portion the corresponding driblet successful emanation and its interaction connected proviso and request is getting analysts excited.

Four Myers, however, markets volition lone carnivore retired those implications aft the halving has happened.

“Bitcoin won't surge to $100k earlier the adjacent halving,” helium summarized.

Justification comes successful the signifier of disapproval of marketplace intuition. The Efficient Market Hypothesis (EMF), which states that markets ever bespeak the existent authorities of a fixed asset, is “wrong,” Myers claims.

“Instead, the marketplace volition price-in the changed world implicit the 12-18 months post-halving,” helium added.

Current investigation shows that the twelvemonth earlier a halving lawsuit has seen akin BTC terms show connected each occasion.

Halving vs. BTC price: "All precise predictable"

That presumption contrasts with immoderate caller forecasts for however BTC terms enactment volition germinate successful the coming months and beyond.

Related: Bitcoin risks 15% dip by October, but $100K is owed successful 2026 — Analysis

Some judge that a breakout is astir the corner, with October presently a fashionable deadline for the Bitcoin bull marketplace to return. In presumption of pre-halving terms predictions, $100,000 oregon much is not uncommon.

One of the latest calls for six-figure Bitcoin comes from Robert Kiyosaki, writer of the fashionable book, “Rich Dad Poor Dad,” who this week doubled down connected his BTC terms prediction.

Historical investigation meantime shows that the bulk of Bitcoin’s rhythm gains hap post-halving alternatively than successful the run-up to one.

After the past 3 halvings, it took a maximum of 240 days for BTC/USD to deed a caller all-time high, trading squad Stockmoney Lizards revealed this month.

“It is each precise predictable. New each clip precocious volition hap soon aft Halving successful 2024. Accumulation phase,” it told X subscribers.

BTC/USD annotated chart. Source: Stockmoney Lizards/X

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