Bitcoin

The Bitcoin halving event on Saturday cut <a href="https://www.cryptotimes.io/2024/04/20/bitcoins-840000th-block-halving-cuts-miner-rewards-by-50/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">miner rewards by 50%</a>, from 6.25 BTC to 3.125 BTC per block, prompting Swyftx analyst Pav Hundal to predict a 100% price surge by the next halving in 2028 to $120,000, citing historical trends. 
Pav Hundal said, “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.” 
Henrik Andersson from Apollo Crypto takes a more bullish stance, foreseeing Bitcoin hitting $200,000 pre-2028. Pav attributes this to growing institutional acceptance, especially with 11 new spot Bitcoin ETFs approved in the US. Andersson’s firm also expects $65 billion in ETF inflows this cycle. 
Despite concerns if Bitcoin drops below $40,000, experts see mining sustainability. Hundal and Andersson point to rising revenue streams like Ordinals and upcoming projects like Runes protocol and layer-2 networks. They dismiss worries about mining’s costliness and energy efficiency as exaggerated. 
Do you think <a href="https://www.cryptotimes.io/bitcoin-halving-countdown-2024/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin’s halving</a> will lead to a substantial price surge by 2028, given the projections and factors like institutional acceptance and alternative revenue streams for miners? 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/20/bitcoins-runes-protocol-hype-or-reality-after-halving/" target="_blank" rel="noreferrer noopener" data-wpel-link="internal">Bitcoin’s Runes Protocol: Hype or Reality After Halving?</a> 
</blockquote>

Will Bitcoin Price Hit $120K by 2028 After Bitcoin Halving?

The Crypto Times

Other articles published on Apr 20, 2024

Where will Bitcoin's price be at the next halving in 2028?

The impact of halving on the Bitcoin rate: lowering the reward while raising the cost

Will DogeDay Spark a Dogecoin Rally This Year? An In-Depth Analysis

XRP Surges Amid Middle East Tension and SEC vs Ripple Case Update

Whales Bet on PUPS: Bitcoin-Based Meme Coin Set to Soar!

XRP's Battle for $0.5, Shiba Inu (SHIB) Joins Market Comeback, Dogecoin (DOGE) in Better Position

Join our free newsletter for daily crypto updates!