It will pass $25,000 before the halvening in May 2020.
Increased equipment cost, same electricity cost but half the rewards = a large value shift.
Increased equipment cost, same electricity cost but half the rewards = a large value shift.
halvening is not new information, so basically irrelevant for price discovery.
Price action will inevitably cause a FOMO cycle again... when the economy goes south in the next 0-2 years, the liquid/scarce safe haven will be very clear.