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International Business Times
International Business Times
Business
Marvie Basilan

Exclusive: Bitcoin Foundation Chair Talks Halving, Price Patterns, BTC Breaking $100K This Year

Bitcoin is back on a bull run, analysts are upgrading their BTC price targets, and the halving event is only several weeks away. What's next for the world's first decentralized cryptocurrency? (Credit: Kostenlose Bilder mit KI/flickr)

KEY POINTS

  • Bitcoin Foundation chair Brock Pierce sees Bitcoin prices hitting new all-time highs before the halving
  • He also sees it "very realistic" for Bitcoin to break $100,000 sometime this year if the recent price patterns repeat
  • Bitcoin has been trying to integrate Ethereum features, suggesting the blockchain may no longer be needed, Pierce noted

Bitcoin has bounced back following a dive last week that put the world's largest cryptocurrency by market capitalization in a place where it was stuck for some time before it hit $73,000 earlier this month. Amid the upcoming halving event, a blockchain pioneer, Bitcoiner and impact investor talked about the event's effect on Bitcoin prices and shared his own prediction of how the world's first decentralized cryptocurrency will fare this year.

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