(Seoul = Sports People Times) The author, Choi Bong-hyuk, who is gaining attention for his serialized feature article titled "A Glimpse into Cryptocurrency," has published an e-book forecasting a bitcoin price of 200 million won in the second half of 2024.

Author Choi Bong-hyuk predicts that the price of bitcoin will rise to 200 million won in the second half of 2024. His prediction is consistent with his previous book, "Bitcoin Forecast in 2024," where he predicted that the price would rise to 100 million won.

1. Analysis of Choi Bong-hyuk's Forecast Basis

He argues that there is a possibility that the bitcoin price will rise to 200 million won in the second half of 2024.

Bitcoin Mining Difficulty: The difficulty of bitcoin mining increases over time, which will lead to a decrease in mining rewards. Author Choi Bong-hyuk expects that the decrease in mining rewards will act as a catalyst for bitcoin price increases.

Increased Participation of Institutional Investors

Recently, institutional investors have been increasing their participation in bitcoin investments. Author Choi Bong-hyuk argues that the participation of institutional investors will have a positive impact on the rise in bitcoin prices.

Global Economic Uncertainty: Global economic uncertainty has been increasing recently. Author Choi Bong-hyuk expects that investors are more likely to choose bitcoin as a safe asset.

Impact of Bitcoin Mining Halving

Bitcoin mining halving occurs every four years, reducing the amount of bitcoin mined by half.

Mining halving is known to trigger price increases by reducing the bitcoin supply.

The mining halving, which is expected to occur in May 2024, is expected to have a significant impact on the rise in bitcoin prices.

2. Evaluation of Choi Bong-hyuk's Prediction

Positive Aspects:

He has experience in accurately predicting past bitcoin price fluctuations.

He has distinguished himself by accurately predicting a bitcoin price of 100 million won.

He analyzes objective indicators by gathering information from international experts.

He considers positive factors such as increased participation of institutional investors and increasing global economic uncertainty.

Negative Aspects:

Bitcoin price volatility is very high.

There is no guarantee of the accuracy of the prediction model.

There is a possibility of unforeseen variables such as regulatory changes and technological advancements.

Conclusion

Choi Bong-hyuk's forecast of a bitcoin price of 200 million won in the second half of 2024 is based on objective indicators and analysis. However, due to the high volatility of bitcoin prices, investors need to be cautious. It is important to refer to various information and make careful judgments before making investment decisions.

Reference Materials

Author Choi Bong-hyuk's books

1- 2024 Bitcoin Forecast and Fact Check

2- Bitcoin Forecast in the Second Half of 2024

The published e-book can be purchased at Kyobo Bookstore, Yes24, Aladdin, Mirae's Books, and E-Book.

Investment Precautions

Bitcoin investment is a high-risk investment and is not recommended.

You should acquire sufficient information and make careful judgments before making investment decisions.

We do not recommend or take responsibility for individual investments.

You are responsible for any investment losses.