Plebrap is running, a scoop of ice cream only costs 21 satoshis (approx. 0.01 euros) and you meet people in a good mood everywhere: This is how Bitcoiners imagine hyperbitcoinization. Until that becomes a reality, Volksbank Raiffeisenbank Bayern Mitte eG has provided a replacement. The who’s who of the German-speaking Bitcoin scene met at the 2nd BitcoinForum in Ingolstadt on April 12th. Also included: BTC-ECHO. We asked around. This is the mood before the halving – and these are the price expectations that the Bitcoin experts have.
BTC price: Is the halving already priced in?
What doesn’t seem to arouse much interest among Bitcoiners is: the price. Neither on stage was there much talk about the numerous lunar forecasts, nor among the participants themselves. “To be honest, I don’t care whether the halving is priced in or not. I always think long-term when it comes to Bitcoin. That means: What will Bitcoin do in the next five, ten or twenty years. In the end, I don’t care at all whether BTC falls to 10,000 euros or rises to 200,000 euros. It’s about having skin in the game,” explains Nerdminer distributor Julius Thiele in an interview with BTC-ECHO.
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Seedor co-founder Christian Wind still sees great potential for Bitcoin. His opinion: “Nothing is priced into Bitcoin. All models fly out the window. I think the price will inevitably go up.” The reason for this is the high demand, combined with the supply shock of the halving. Many experts who take a look at previous halvings also expect this.
Because: In the past, the halving event was not priced into the BTC price – at least in the long term. You can find everything about the upcoming halving – expected on April 19, 2024 – here: Halving 2024: Everything you need to know
Important for Bitcoin: ETFs or the halving?
The price drivers in the last few months were the BTC spot ETFs from BlackRock, Fidelity and Co., which were approved in January. The powerful financial institutions were also responsible for the new all-time high – which previously only came after the halving. Does the halving still have any significance for the BTC price?
Bitcoin mining expert Thiele says: “The Bitcoin halving once again shows how incredibly scarce this commodity is. A lot of people don’t have this on their radar because it’s never been done before, even with gold.” In fact: With the fourth halving, the inflation rate for BTC drops to theoretically 0.85 percent per year, making Bitcoin a better store of value than gold.
At the wallet manufacturer Bitbox, the spot ETFs are seen as the initial spark. The supply shock caused by the halving will then drive the price further, a Bitbox employee told BTC-ECHO.
Store of value or money? Bitcoiners: “Fuck you Money”
When it comes to future BTC development, the majority of the Bitcoin community comes to one common denominator: the price will rise. Why then spend the valuable Satoshis on a scoop of ice cream at a conference like this?
The Seedor co-founder finds clear words: “Bitcoin is a store of value. But with Bitcoin it is also possible to send money worldwide without censorship.” Christian uses Bitcoin every day for his company, as he reveals in an interview with BTC-ECHO. “It makes me happy to see that no bank is making money from this. I would rather pay a miner 2.50 euros for a transaction than pay 15 euros to the savings bank for a SEPA transfer abroad. For me, Bitcoin is this Fuck you Money.”
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Will VR Bank soon explain this to its customers in Bitcoin consultations? Wait. For the first time, the bank has announced the third forum in 2025 – which is set to be even bigger.
You can watch all of the presentations at this year’s conference for free here: BitcoinForum Bayern – Volksbank Raiffeisenbank Bayern-Mitte
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