As of recently, the Bitcoin split event was over. Based on past trends in the BTC market, experts and researchers are now looking forward to a possible rise in the cryptocurrency’s value. Economists with the name ecoinometrics have made a bold prediction: they think BTC could reach a value of six figures during this rising cycle.
A few days ago, ecoinometrics said they thought the price of BTC would go up after the fourth split event on April 19. The expert says that Bitcoin’s market value could hit $4.5 million if it keeps going up like it has in previous bullish cycles. It’s likely that this will happen because Bitcoin’s price generally goes through big jumps in the months after halving events. There were huge gains after the cuts in 2012, 2016, and 2020, which proves this.
Bitcoin’s Mega-Value Bold Prediction
Ecoinometrics predicts that BTC could hit an amazing $4.5 million per unit, but some skeptics say that such a high goal might not be possible because BTC will experience diminishing returns as it gets older. However, ecoinometrics addresses this doubt by comparing Bitcoin’s behavior to that of “megacap tech stocks,” which have often gone against accepted economic theories. Even so, the expert is confident that BTC will reach a mid-six-figure value, even though he or she admits that a valuation of $4.5 million might not be realistic.
BTC is worth $65,043 right now, up a small 2.21 percent in the last 24 hours. But trade has dropped by 52.88% to $21.62 billion, which shows that buyers and the market aren’t as interested in it.
Bitcoin has made good progress this week, rising 1.86 percent, but it has lost 4.16 percent since the beginning of the month because of big price changes and a lot of selling. Even so, Bitcoin’s 131.69% growth so far this year is still very impressive. With a market capitalization of $1.28 trillion, it has solidified its place as the most valuable digital asset.
