Looking back at Bitcoin's previous cycles, we've witnessed remarkable growth following each halving event. In 2012, the price surged from $11 to $1,150. In 2016, it increased from $650 to $20,000. By 2020, Bitcoin experienced another major jump, rising from $8,800 to a peak of $69,000.
As we near the next cycle in 2024, one might wonder if this time will be different. Historically, each halving has triggered a significant price increase, and with Bitcoinâs fundamentals becoming stronger, there's substantial reason to anticipate another major rise.