How high will Bitcoin go after the halving?
“All bitcoin price increase will again be around the halving. Buying 6 [months] before the halving and selling 18 [months] after the halving (green line) will outperform buy [and] hold. BTC [greater than] $100K in 2024. BTC top [greater than] $300K in 2025.”
Halving reduces the supply of new bitcoins, which should in theory increase the price. It is an economic axiom that if demand for an asset remains stable while its supply decreases, its price should go up.
While the immediate impact on Bitcoin's price may not be significant, the halving is expected to have long-term effects on the supply and demand dynamics of the cryptocurrency. As the supply of new coins decreases, Bitcoin's scarcity increases, which could potentially lead to price appreciation over time.
Thomas Perfumo, head of strategy at Kraken, said Bitcoin prices historically peak 12 months to 18 months after a halving event but noted that the cryptocurrency already hit an all-time high less than two months ago, “which is earlier than in prior market cycles.”
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
In three previous halving cycles (in 2012, 2016, and 2020), it has skyrocketed to new all-time highs. The classic pattern is for Bitcoin to climb in value ahead of the halving, and then really take off after it.
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2025 | $115,285.47 | $133,872.61 |
| 2026 | $165,756.42 | $200,472.95 |
| 2027 | $240,935.90 | $288,284.17 |
| 2028 | $359,657.03 | $422,196.78 |
ARK Invest's CEO previously predicted the price would reach $1 million by 2030.
Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.
How much will $1 bitcoin be worth in 2025?
With the launch of potentially more Bitcoin-related financial services and the global adoption spark of Bitcoin, BTC prices will maintain a bullish trend in 2025. The cryptocurrency is expected to create a high of $140,449 with a low of $61,357.
Markus Thielen, founder of 10x Research, said Thursday in an interview with CoinDesk TV that bitcoin's halving "is not a bullish event" and warned of market weakness for the next few months, with potentially a deeper correction in the cards.
After the halving, the rate of issuance of new bitcoin as well as the rewards for successful bitcoin miners are cut in half. There can only be 21 million bitcoin, and fewer new tokens entering circulation could impact bitcoin prices. That's why the halving is watched closely by miners and investors alike.
If bitcoin experiences that same rate of appreciation in its average annual returns, it will reach $98,700 in January 2025 and hit $100,000 in February of that same year. Some experts believe bitcoin could increase in value even more quickly.
Key Takeaways. The maximum total supply of Bitcoin is 21 million. The number of Bitcoins issued will likely never reach 21 million due to the use of rounding operators in the Bitcoin codebase. No additional bitcoins will be generated when the Bitcoin supply reaches its upper limit.
The Potential of Bitcoin Investment: A Hypothetical Outlook
Scenario 1: Modest Growth – Bitcoin grows at an annual rate of 10% from its current price. By 2030, this would place the value of Bitcoin at approximately $179,000. An initial investment of $10,000 would be worth around $25,900.
The halving is designed to make bitcoin more scarce, and ostensibly to push bitcoin's price upward. And for the last three halvings, that's exactly what has happened.
Because the event leads to a cut to rewards paid to miners directly, they'll be the first ones to feel the impact of the halving. The price of bitcoin has touched new all-time highs after each “halving” event. Typically, when the halving cuts supply, it's led to huge rallies for bitcoin.
A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half. Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC.
As bitcoin becomes more and more mainstream and integrated with traditional assets, it isn't inconceivable that it could hit US$100,000 in 2024 – an extraordinary feat for a invention that was worth nothing as recently as 2009.
Will BTC ever hit $1 million?
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
JPMorgan said it expects bitcoin to fall after the reward halving. The bank's analysis shows that the cryptocurrency remains overbought. Miners will be most affected by the event, the report said.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2025 | $5,714.43 | $6,813.32 |
| 2026 | $8,498.15 | $10,019.00 |
| 2027 | $12,056.79 | $14,442.56 |
| 2028 | $17,183.28 | $20,697.93 |
| Year | Price |
|---|---|
| 2025 | $ 69,591.30 |
| 2026 | $ 73,070.87 |
| 2027 | $ 76,724.41 |
| 2030 | $ 88,818.10 |
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