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Bitcoin Is Down 42% and Losing Steam. Here's What the Next 2 Years Could Realistically Look Like.
Since hitting an all-time record price of around $126,000 in October last year, it has been a disappointing run for Bitcoin. The world's most valuable cryptocurrency currently trades 42% below that peak (as of April 8), as it keeps losing steam. Here's what the next two years could realistically look like. Bitcoin undergoes what's called a halving roughly every four years, a critical event that cuts new supply creation in half. It's precisely what enforces Bitcoin's hard cap of 21 million units. And it supports the cryptocurrency's four-year price cycles. The next halving is set to occur in March 2028. The last one ... (full story)
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