'Bitcoin could surpass $50,000-mark in 2024'

Bitcoin's recent rebound is just the beginning of its rally, which could surpass $50,000 next year due to halving that reduces the supply of new tokens. According to crypto analysts, halving has the potential to trigger an increase of at least 81%. The halving, which occurs every four years, reduces the number of Bitcoin tokens miners receive as a reward for their work.

Apr 24, 2023 - 10:30
'Bitcoin could surpass $50,000-mark in 2024'
Bitcoin's recent rebound is just the beginning of its rally, which could surpass $50,000 next year due to halving that reduces the supply of new tokens. According to crypto analysts, halving has the potential to trigger an increase of at least 81%. The halving, which occurs every four years, reduces the number of Bitcoin tokens miners receive as a reward for their work.