The flagship cryptocurrency Bitcoin is expected to reach $50,000 rather than $100,000 after the halving, according to a tweet by analyst PlanB.
The forecasts came amid increased media attention around this major event and its possible impact on the price of Bitcoin.
Bitcoin’s stock-to-flow ratio will likely exceed that of gold as the block rewards would decrease with each halving that remains, the analyst said.
Cryptocurrency analyst Willy Woo said one percent of the world began to invest in Bitcoin in the last decade, hoping that half of the world would convert into the Bitcoin investment in the next decade.
Trader ‘Bitcoin Macro’ said he considers Bitcoin and Ethereum as the best crypto assets to invest in, adding that his portfolio contains Bitcoins and Ethereums on a 50/50 ratio.
The halving, which is expected to take place in May this year, could change the price of Bitcoin forever. This event has already taken place twice before.