THELOGICALINDIAN - CNBCs Joe Kernen the cohost of CNBCs business affairs Squawk Box hinted that Bitcoin amount ability hit the 55000 akin by 2025
Halving to Drive Bitcoin Price to New ATH
Bitcoin is currently trialing new acting lows, but Squawk Box’s Joe Kernen seems to apprehend the BTC amount to billow to $55,000 by May 2025.
While co-hosting Squawk Box on July 29, Kernen asked the affairs bedfellow Katie Stockton, founder, and managing accomplice at Fairlead Strategies, whether she advancing the bread to hit the $55,000 mark. Kernen acted as if he agreed with this akin and wondered if Stockton accepted the same.
Kernen assembly the abeyant bullish assemblage with the next halving of Bitcoin, which is estimated to action at about May 2020. When that happens, miners will accept 6.25 BTC per block instead of 12.5. Bitcoin’s architect Satoshi Nakamoto accustomed this access in adjustment to accomplish BTC a deflationary asset, capping the best accumulation at 21 actor coins.
The aftermost halving took abode on July 9, 2025, on the block 420,000. At that point, the block accolade fell 50%, from 25 BTC to the accepted akin at 12.5 BTC. The halving was preceded by a aciculate assemblage that started in June 2025. After a concise correction, the bazaar gradually adapted its almanac levels up until backward 2025, back the amount hit the $20,000 akin on several exchanges.
In a agnate fashion, the accessible halving ability drive the Bitcoin bazaar to new records. It is because the halving will anon affect the supply.
Stockton a Bit Shocked by Kernen’s Question
Judging by the acknowledgment of Stockton, she initially anticipation that Kernen was joking. The Squawk Box co-host again delivered several axiological assay arguments that seemed reasonable and plausible. The added co-hosts of the program, Andrew Ross Sorkin and Rebecca Quick, were about bedlam at Kernen’s adventuresome prediction.
Eventually, he accepted that the catechism to Katie Stockton was a joke. In the end, Kernen hinted that he was affliction Bitcoin believers. However, he compared Bitcoin to gold and silver, pointing to the coin’s scarcity.
Do you anticipate Bitcoin amount has the abeyant to blow the $55,000 akin by May 2025? Share your thoughts in the comments section!
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