Bitcoin will not reach $200,000 this year.
Jim Cramer says, "I can't believe some people on the internet think Bitcoin will go above $200,000 this year. It's not going to happen. It's just not going to happen."
Shocking statement, isn't it?💥
Now let's discuss whether Bitcoin can really surpass $200,000 this year?
When a big name on Wall Street makes a definitive statement, many stop researching and take the statement as absolute truth. But in the crypto market, accepting preconceived notions is the quickest way to miss opportunities. Let's break down the scene together, step by step:
Why do some people underestimate the price of 200k?
1. They remember the 2022 crash and ignore the historical cycles that preceded it.
2. Satellite channels are looking for sensational headlines, not calm analysis.
3. Confusing “value” with “price”: When assets rise rapidly, it is difficult for the mind to comprehend their fair valuation.
What has changed on the ground?
- The fourth halving: The new supply of Bitcoin decreased by 50%. Historically, each halving has been followed by a major bull run.
Unprecedented institutional adoption: Spot ETFs from BlackRock and Fidelity pump billions into liquidity.
Clearer regulatory gateways: Between the UK, the UAE, and Singapore, the legal environment is beginning to bring crypto out of the “fog zone.”
- Increased demand from emerging markets: Inflation in Argentina and Nigeria is driving people to hedge with Bitcoin.
Why might Jim Cramer be wrong?
The last three halvings have pushed Bitcoin up by an average of 300%–700% over the past 18 months.
- If the lower scenario (only 300%) of the 2023 bottom at 16k is repeated, we will approach 64k x 3 = $192k. Does 200k really seem impossible?
How do you benefit?
- Don't just be a follower... Be a conscious investor:
- Learn to read charts instead of believing headlines.
Use negative statements as a Buy the Dip signal.
Who sets the ceiling?
If experts knew the future, everyone would be billionaires.
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#Bitcoin#Crypto#SmartTrading #Halving2024
