Bitcoin halving – a process in which the production rate of the cryptocurrency is reduced – is expected to see the coin “flirt with new highs” and pass $80,000 in value, according to a new report by Julius Baer. The report by Manuel Villegas, a digital assets analyst at Swiss bank Julius Baer, said the halving, scheduled for Friday, will trigger a new cycle for cryptocurrencies as Bitcoin supply decreases and demand remains the same, which he described as “textbook economic theory”. In a section titled: “Bitcoin should soon break above 80,000 USD” he wrote: “While unchanged demand is a big assumption, we still see ... (full story)