🚀Saturday's Bitcoin (BTC) halving has officially reduced miner rewards from 6.25 to 3,125 BTC per block. Now, experts are wondering how Bitcoin will be for the next halving in 2028.
Even though miners technically receive less for their efforts, halving events are considered by many analysts to be precursors to significant increases in the price of Bitcoin. Pav Hundal, lead analyst at Swyftx, predicts a price increase of at least 100% by the 2028 halving, which would put Bitcoin around $120,000.
On the other hand, Henrik Andersson, chief investment officer at Apollo Crypto, predicts a peak price of around $200,000 Bitcoin before 2028.
However, there are concerns about the Bitcoin halving and the next one in 2028: rewards to miners could be reduced to a level that makes Bitcoin mining unprofitable in the long term.
What do you think? Do you think the price of Bitcoin will reach $200,000 before 2028? Comment below! 📈
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