Bitcoin investor and research analyst Tuur Demeester doesn't see the money going below $half dozen,000 after the rewards halving, with a price of at least $50,000 certainly possible in the future.

In a video posted to crypto research firm Messari's YouTube channel on May eighteen, Demeester said Bitcoin (BTC) was "back in a balderdash market place" following the halving, with a bottom in the $three,000-$4,000s already past — referring to the March crypto bloodbath.

The analyst went on to speculate equally to how the recent inflationary measures by the Federal Reserve could impact the price of cryptocurrency. Though concerned that a potential low buying power of the U.Due south dollar could undermine a more valuable Bitcoin price, Demeester said:

I think a toll target of like $50,000 is non insane at all... I would even say between $fifty,000-$100,000.

What will bulldoze the price upwardly?

"Information technology's institutions that are interested," said Demeester, describing the rush to purchase Bitcoin equally a "land take hold of stage" amidst companies seeking a market decoupled from traditional assets.

Demeester posted to his Twitter account following the interview, saying if these institutions and whales are able to accumulate plenty, it will "likely ignite another parabolic rally" in the toll of BTC.

Other members of the crypto community have been more bourgeois in their predictions. BitMEX Chief Executive Officer (CEO) Arthur Hayes thinks the BTC price could admittedly fall to the $three,000s again, only nevertheless estimates that the coin volition reach $20,000 past the stop of 2022.