Saturday’s Bitcoin
tickers down
$64,873
halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.
Despite miners being technically paid less for their efforts in securing the network, halving events are widely regarded by many analysts as being a precursor to significant increases in the price of #Bitcoin — with the “supply shock” of new BTC hitting the market from miners being significantly reduced.
Speaking to Cointelegraph, Swyftx lead analyst Pav Hundal looked to the price action that occurred following previous halvings to #predict a price increase of at least 100% by the 2028 halving, which would put Bitcoin somewhere around the $120,000 mark.
“We’ve gone from trough to peak price gains of more than 60,000% in 2013, to 12,000% in 2017, and then 2,000% in 2021,” he said.
“Our central scenario is for this trend to continue and to see a high double, or low triple digit percentage point increase in price by the next halving.”
He added that investors would be “hard-pressed” to imagine a scenario where #Bitcoin would not be worth more than its current price of $60,000 by the next halving.
