BTC price won't hit $100K before 2024 halving — Bitcoin investment exec
Bitcoin halving data will not be reflected in the market for a year or more, says Jesse Myers. Bitcoin (BTC) will only hit six figures after its 2024 block subsidy halving , not before, Bitcoin investor and author Jesse Myers believes. In an X post on Aug. 15, Myers, who is co-founder of Bitcoin investment firm Onramp, said that the market will only “price in” the halving post factum . Markets not "efficient" with Bitcoin halving Bitcoin’s four-year halving cycles are back in focus as the next halving event looms in the first half of next year. Miners will see the reward earned per block of transactions drop from 6.25 BTC to 3.125 BTC, while the corresponding drop in emission and its impact on supply and demand is getting analysts excited. Four Myers, however, markets will only bear out those implications after the halving has happened. “Bitcoin won't surge to $100k before the next halving,” he summarized. Justification comes in the form of criticism of market intuition....