This suggests that if the market cycle continues as before, the halving could greatly impact Bitcoin’s price. While acknowledging its significance, he suggests that its true impact lies more in signaling the onset of “crypto summer” than being a game-changer.

Looking ahead, Pal envisions Bitcoin reaching as high as $200,000 by the end of the current cycle. He even entertains the possibility of a full-blown bubble cycle, which could drive Bitcoin’s price even higher, potentially surpassing $400,000. Get More Information