The completion of Bitcoin's halving event is a significant milestone in the cryptocurrency's journey and marks the beginning of a new era for Bitcoin and related stocks, such as Coinbase $Coinbase Global, Inc.(COIN)$ . Historically, Bitcoin's price has shown a pattern of surging higher following halving events, although there may not be an immediate spike in price. Instead, the impact of the halving can take time to materialize, requiring investors to exercise patience.
Driven by continued adoption, scarcity, and a potential increase in institutional interest, I am of the view that Bitcoin could surpass $80,000 in 2024.
On the other hand, given the potential for increased trading activity and revenue following Bitcoin's halving, I think Coinbase could reach $400 in 2024. However, market volatility and regulatory uncertainties may influence the actual outcome.
$Invesco Galaxy Bitcoin ETF(BTCO)$
$Coinbase Global, Inc.(COIN)$
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