“History Says This Cryptocurrency Could Soar More Than 120% in 2024”
January 31, 2024
“…There are a few reasons for this, but the most evident and potent is related to evolving supply and demand dynamics and historical patterns. History doesn’t always repeat itself, but it often rhymes. And if something similar to years past unfolds in 2024, Bitcoin might have what it takes to hit the coveted $100,000 mark, a gain of more than 120%…
After every 210,000 blocks are added to its blockchain, or roughly four years, Bitcoin’s supply growth rate is cut in half. Today, the annual growth rate hovers around 1.75%, but will fall to a measly 0.875% in April 2024 at the time of the next halving…”
https://finance.yahoo.com/news/history-says-cryptocurrency-could-soar-102000750.html
Basically this article is saying because of the scarcity caused by the bitcoin halving the price could soar.