TV host Max Keiser, who has been one of the most vocal Bitcoin supporters from the outset, claims that the top cryptocurrency by market capitalization will reach $28,000. He points out that BTC’s hash rate is inching closer to 90 exahash per second, and, according to game theory, hash rate precedes price.
Given that the Bitcoin price has recently tanked below the $10,000 mark, the above-mentioned figure might seem outlandish, but the crypto king surged by more than 200 percent in 2019.
In the meantime, anonymous crypto analyst Plan B has once again reminded naysayers that Bitcoin’s halving event is scheduled to take place in eight months. His model, which uses the stock-to-flow (SF) ratio, predicts that Bitcoin could surge to more than $55,000 after the block reward reduction.