Vitalik Buterin, the founder of Ethereum recently expressed his opinion about Bitcoin prices and stated that there is an effect of the Bitcoin reward fork event and this effect occurs before and after the fork event.

Vitalik also stressed that the price hike after the halving will not be due to the reduction in the miners’ reward.

He added in his speech, explaining that the rise in the price of Bitcoin will come after the halving event, and referred to what happened in 2016 as an example.

He told that the last time the bitcoin price jumped to an all-time high was in 2017, roughly halfway between 2016 and 2020.

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Therefore, it can be said that Bitcoin will take another two years to reach a new peak, especially if history repeats itself.

Bitcoin prices according to the flow and inventory model provided by PlanB:

PlanB’s Flow Price Model is an indicator that measures the ratio of a commodity’s outstanding stock against its inflows, and this model has been used to predict the astronomical price hike of Bitcoin after the halving.

Although some Bitcoin investors only believe in this model as mathematical proof that Bitcoin will rise after the halving, there are some Bitcoin enthusiasts who believe that the halving event itself has already priced in Bitcoin.

PlanB had previously predicted that the bitcoin price would rise to $288,000 by 2024, and the prediction was supported by a model indicating that the price of bitcoin would rise after the halving due to the fact that supply would shrink in the market.

PlanB asserts that bitcoin can be compared to commodities like gold and silver whose values ​​correlate with their scarcity and the fact that the previous halving caused a significant rise in the price of bitcoin is evidence of this.

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Buterin previously saw the model presented by PlanB inconsistent with the Bitcoin price predictions, and told that he did not believe in the prediction theory.

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The co-founder of Ethereum said that the theory that the halving makes the price of Bitcoin rise is fallible.

PlanB, in response to Buterin’s rejection of her theory, argued that average price matters more because peaks are the result of “greed and FOMO”.

Currently, the crypto community is experiencing a mixture of excitement, anxiety and anticipation as investors anticipate a significant increase in the price of Bitcoin, which has yet to come.

However, the crypto community will continue to wait patiently and will continue to guess the rise at some point over the next four years.

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