AnyExchange Posted February 22, 2022 Author Share Posted February 22, 2022 The bear market will last until 2024 - The Huobi Global crypto exchange Director A significant increase in bitcoin prices will occur only in 2024. This was stated in an interview with CNBC by the Huobi Global crypto exchange co-founder, Du Jun. According to the businessman’s opinion, the BTC price always reacts to halving — a planned reduction in the reward for one block extracted by half. He noted that the first coin rate usually reached record levels the following year. The last reduction of the award occurred in May 2020. And in November 2021, the price updated the historical maximum, reaching $ 68 thousand. The situation was repeated after halving in July 2016. The exchange rate rose to a record $20 thousand a year later, in December 2017. It is impossible to accurately predict the state of the market in the long term because there are uncontrollable factors — war, the impact of the COVID-19 crisis, or a bad political situation. Quote Link to comment Share on other sites More sharing options...
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