Crystal Ball Clouded: Experts Offer Conflicting Predictions for Bitcoin’s Price at 2028 Halving
The next Bitcoin halving, estimated to occur in April 2028, is already casting a long shadow. this event, which cuts the number of bitcoins awarded to miners in half, has historically been followed by significant price increases. However, with four years to go, experts are offering a wide range of predictions for where bitcoin’s price might land in 2028.
Some analysts are bullish, citing historical trends and growing institutional adoption as reasons for optimism. Swyftx lead analyst Pav Hundal predicts a minimum price increase of 100% by the next halving, placing Bitcoin somewhere around the $120,000 mark. This prediction aligns with the diminishing returns observed in previous halving cycles.
“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,” Hundal says. “Our central scenario is for this trend to continue and to see a high double-digit or low triple-digit percentage point increase in price by the next halving.”
Others, however, are more cautious. They point to the maturing nature of the cryptocurrency market and the increasing difficulty of predicting future price movements. JPMorgan analysts, for instance, argue that the market has already priced in the effects of the halving, and significant price increases are unlikely.
“We would not expect to see post-halving price increases because the event has already been priced in,” they noted in a recent research report.
Further complicating the picture are external factors that could significantly impact Bitcoin’s price. Regulatory decisions, technological advancements, and unforeseen economic events could all play a role in shaping Bitcoin’s trajectory between now and 2028.
The upcoming halving serves as a reminder of the inherent volatility of the cryptocurrency market. While past performance offers some insights, it’s not necessarily indicative of future results. Investors considering Bitcoin should conduct thorough research, understand the risks involved, and develop a long-term investment strategy that aligns with their individual risk tolerance.
