Bitcoin's 66% rally this year could be just the beginning. It may surge past $50,000 as next year's 'halving' slashes supply, analysts say
Bitcoin has rallied 66% this year after a dismal 2022 - and that may be just the beginning of a bigger advance.
The world's most traded cryptocurrency has soared after each of the last three 'halvings' that have taken place since 2012, according to data from Bloomberg Intelligence and Matrixport. The process could help the coin gain at least 81%, the outlet reported. ' happens roughly every four years and is due next in April 2024.
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