Former Bitcoin (BTC) bear Joe Kernen has predicted that the coin could hit $55,000 by May 2020, the date of Bitcoin’s next halving.

The Squawk Box co-host appears to have undergone a full conversion to Bitcoin maximalism, surprising his show guest — Fairlead Strategies managing partner Katie Stockton — on July 29 with his forecast that the coin could well see a 500%+ price surge by the time of its next halving.

Bitcoin’s planned halving in May 2020 will mean that mining rewards will be reduced by half — from 12.5 BTC to 6.25 BTC — an event that will drastically reduce the…

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Author: Marie Huillet


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