Nexo Co-founder: Based on historical halving analysis, BTC price may double within 8 months

Odaily News Antoni Trenchev, co-founder of crypto lender Nexo, said: "If the previous halving is followed, the price of Bitcoin should double in no more than 8 months." This is obviously a bullish view, which is not uncommon among Bitcoin supporters. Gareth Rhodes, managing director of Pacific Street, said: "This makes sense, because the more supply restrictions are expected, the higher the price will rise." 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." "With the acceptance of institutions, Bitcoin is maturing," "It is not surprising that Bitcoin prices will rise sharply in the next two years." However, Molly White, a well-known cryptocurrency critic, warned that "it is unclear to what extent past price fluctuations were caused by halvings or were simply related to them," "The last halving coincided with large-scale macroeconomic changes caused by the epidemic, prompting a wave of short-term traders to enter cryptocurrencies." (Jinshi)