Hello all crypto friends,
One prediction we do know about (BTC) that cryptocurrency investors want to come true in 2023, is Tim Draper's prediction. The renowned investor, who was one of the biggest supporters of Bitcoin (BTC), reaffirmed his earlier prediction that it will be the reigning cryptocurrency this year. (BTC) cryptocurrency reigns in the latter part of 2024.
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Predictions in 2022 were a little lower. It hasn't gotten there... yet. It must do so before the halving," Draper said on his Twitter account. A halving is an event that occurs approximately every four years and reduces the reward miners receive for solving the next block of the Bitcoin blockchain. Each time, the rate of creation of new Bitcoins decreases. goes as long as any existing definition of Bitcoin has been mined. The first time this happened was in 2012. After 2016, 2020 the reward was reduced from 50 Each new block mined creates about 6.25 new Bitcoins. Experts expect the next half to happen in 2024, Draper predicts that it could come sometime this year, early 2024 or late 2023. Because historically halvings have significantly affected the price of Bitcoin. One year after the first halving, Bitcoin went from $12 to nearly $1,000. After the second, it recovered to $2,550. . With the third, Bitcoin was trading at $8,700 and peaked at $19,700 in December 2020. Draper is known for his successful investments in startups like Skype and Tesla. Today To date, it has invested in more than 200 companies.
I think Since this year the price of BTC has decreased. If we invest in the hive project of that field, we will be able to get extra profit in the future. Walking into my new year hive with that confidence. I think Hive will take precedence among the crypto-rich this year. Last year in 2022, my hive did not have a good day, although the hive is very favorite for me.