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Bitcoin’s Big Leap? Research Points To $87K Price Target On This Year’s Halving

With Bitcoin’s (CRYPTO: BTC) fourth halving on the horizon in April 2024, many believe it could significantly influence the cryptocurrency’s value. What Happened: A Finder survey, which compiled insights from 31 FinTech specialists, suggests that Bitcoin’s average price could reach about $87,000 following the halving event. Bitcoin halving is a scheduled event that cuts the reward for mining new blocks in half, occurring approximately every four years or after 210,000 blocks are mined. This mechanism is designed to control inflation by reducing the rate at which new bitcoins enter circulation….