Nexo co founder: If analyzed based on historical halving, BTC price may double within 8 months

According to Mars Finance news, Antoni Trenchev, co-founder of crypto lending institution Nexo, said: “If we follow the previous halving situation, the price of Bitcoin should double in no more than 8 months.” This is obviously bullish. This view is not uncommon among Bitcoin fans. Gareth Rhodes, managing director of Pacific Street, said: “This makes sense as prices are expected to rise as supply becomes more constrained.

Greg Beard, CEO of Stronghold Digital Mining, said that although people’s enthusiasm for Bitcoin halving is somewhat exaggerated, the recent Bitcoin rebound is “far more than a temporary craze.” “Bitcoin is maturing with institutional acceptance. ,” “It is not surprising that the price of Bitcoin will rise significantly in the next two years. However, well-known cryptocurrency critic Molly White warned that “it is unclear to what extent past price fluctuations were caused by halvings or simply related to them.” “The last halving coincided with the outbreak caused by the epidemic. Large-scale macroeconomic changes have prompted a wave of short-term traders to enter cryptocurrencies. "