Is bitcoin halving over?
The most recent Bitcoin halving took place on 20 April 2024. This event occurs approximately every four years, or more precisely, every 210,000 blocks. The next halving event is due to occur in another four years, in 2028.
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.
The last halving should occur in 2140. At that point, there will be 21 million BTC in circulation and no more coins will be created. From there, miners will just be paid with transaction fees.
When Is the Next Bitcoin Halving? The fourth Bitcoin halving was completed on April 2024. It is difficult to predict the exact date of the next halving as it depends on the block height. Since halving happens every 210,000 blocks, the next Bitcoin halving is expected to occur in 2028.
These peaks are often reached within a year after a halving, riding the wave of reduced supply and heightened demand, before the natural market correction takes hold due to profit-taking and the cyclical nature of investor sentiment.
What could give Bitcoin a boost in 2024? More than half of the experts Finder surveyed expected the price to increase after a so-called "BTC halving event" in April 2024. A halving event refers to a period every few years when the reward for mining Bitcoin transactions is cut in half.
Our real-time BTC to USD price update shows the current Bitcoin price as $63,773.2 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 12.73% and reach $71,877 by April 22, 2024.
Bitcoin (BTC) Price Prediction 2030
According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 87,239.62 by 2030.
Indeed, Bitcoin experiences a halving once every four years, and the event typically raises the price of the crypto. Put simply, the decline in the hashrate pushes some miners off the task, shrinking supply and raising prices.
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. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.
Will BTC halving increase price?
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.
The bitcoin halving reduces the block reward for miners by 50%, meaning the rate at which new bitcoins enter circulation is cut in half. 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.
"By slowing the rate at which new bitcoins are created, halving helps to maintain scarcity and potentially increase the cryptocurrency's value, assuming demand remains steady or increases." The first halving took place on Nov. 26, 2012; the second occurred on July 11, 2016; and the third happened on May 11, 2020.
“As the halving approaches, speculation typically increases, potentially leading to heightened volatility in the bitcoin market,” he says. “Investors might buy into bitcoin in anticipation of potential price increases, but there's no certainty or guarantee of that and, quite frankly, this only adds to the volatility.”
Typically, when the halving cuts supply, it's led to huge rallies for bitcoin. In fact, the previous (and only) three halvings in the chain's history have come before every bull run, in which the coin has touched new all-time highs and a surge of investors have entered the market for the first time.
When its supply is reduced through halving, and if the demand stays constant or increases, we often see a ripple effect on the prices of other cryptocurrencies.
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.
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.
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
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.
Who owns the most Bitcoin?
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
There is a cap of 21 million bitcoins that will ever be produced, and every so often the amount of bitcoin awarded for validating a block is halved. There is no set date for the next halving—it depends on how many blocks are validated.
For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date. Timmer's demand model is rooted in Metcalfe's Law.
