The upcoming fourth halving for Bitcoin, just 32 days away, has sparked rising expectations and speculation in the market. Historical data from previous halving events provides interesting insights:
- In the second halving in 2016, Bitcoin surged from $650 to $8,800.
- During the third halving in 2020, the price skyrocketed from $8,200 in May to $69,000 in April.
Now, some analysts predict even more significant gains after the fourth halving, projecting Bitcoin's price to potentially rise from $69,000 to $350,000. This model suggests that Bitcoin could reach an impressive $1 million by the fifth halving in 2028.
Historically, after each halving event, Bitcoin has experienced substantial price increases. After the second halving, it surged by 13.5 times, and after the third halving, by 8.5 times. A 5-fold increase is expected with the fourth halving on the horizon.
Looking ahead, if the current Bitcoin price of $67,000 rises to $70,000 and experiences a 5-fold increase after the halving, prices could reach $350,000 by the end of the year and $400,000 by spring 2025. With a predicted 2.5-fold increase in the fifth halving, Bitcoin's price could potentially soar to $1 million in 2028.
