Jiang Zhuoer: It is speculated that after halving, BTC will rise to $89,133 on September 8, 2021

Jiang Zhuoer: It is speculated that after halving, BTC will rise to $89,133 on September 8, 2021

On April 22, Jiang Zhuoer of the Litecoin Mining Pool published a statement stating that it is expected that after the Bitcoin halving, its price will rise to $89,133 on September 8 next year. (Note: Bitcoin is expected to halve on May 12)
According to relevant market data, the current price of Bitcoin is around $7,000. If it wants to reach $80,000, the increase in Bitcoin must be more than 1,000%.
Regarding the view on the Bitcoin halving, in the short term, the industry generally believes that the price of Bitcoin will not fluctuate too much before and after the halving. On April 21, Bitmain Chairman and CEO Jihan Wu said, "Bitcoin will rise a little (during the halving), but don't be too optimistic and don't expect to start a bull market and break through the previous high. Both believers and investors should look at the industry from a long-term perspective and manage risks well."
From a macro perspective, some believe that the halving will not have too strong an impact on the market. On April 16, F2Pool co-founder Shenyu said in an online event, "Basically, the current expectations of the halving have been released. At the same time, due to the epidemic, Bitcoin has a strong correlation with traditional assets in the real world."
“Therefore, the halving factor may not have a particularly strong impact in the future and if the epidemic is not properly resolved, because Bitcoin’s inflation rate is already very low, and the impact on the market after halving will be very small,” Shenyu said.
On the other hand, in the long run, some industry insiders believe that the halving may drive the price of Bitcoin to a record high. In March this year, Shang Silin, president of Mars Cloud Mining, said, "I personally think that in the next year and a half, the halving of Bitcoin is still expected, and a tenfold increase is expected."
In addition, cryptocurrency analyst PlanB cited the "Stock-to-Flow (S2F)" model and pointed out that Bitcoin may rise to $100,000 this year and will exceed $1 million after the fourth halving in 2024. PlanB admitted that his predictions are not accurate at all times, but the Bitcoin price trend predicted by the model is basically accurate.

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