Where will the price of Bitcoin be in the next half in 2028?
Saturday's Bitcoin (BTC) halving officially saw the reward paid to miners drop from 6.25 Bitcoin per block to 3.125 BTC. But now experts are turning their eyes to where Bitcoin could be next in 2028.
While miners are technically paid less for their efforts to protect the network, halving events are widely seen by many analysts as a prelude to a massive spike in Bitcoin's price – with new BTC “supply shocks” hitting the market by miners. It has decreased significantly.
Speaking to Cointelegraph, SwiftX lead analyst Pav Hundal looked at the price action that has occurred after previous halvings to predict a halving of at least 100% in price by 2028, which would put Bitcoin around the $120,000 mark.
“In the year “We have moved to peak price gains of over 60,000% in 2013, 12,000% in 2017, and 2,000% in 2021,” he said.
“Our central scenario is to see this trend continue and high double or low triple digit percentage rate increases decline in the next half.”
He added that investors would be “hard pressed” to speculate that Bitcoin would not rise above its current price of $60,000.
Providing a slightly more bullish sentiment, Henrik Andersen, chief investment officer at Australian crypto investment firm Apollo Crypto, told Cointelegraph that he predicts a peak value of around 200,000 Bitcoin before 2028.
Andersen said Bitcoin's price action will likely be due to the institutional outlook brought about by the recent approval of eleven Bitcoin exchange-traded funds (ETFs) in the United States.
Additionally, his fund predicts about $65 billion in net inflows into ETFs in the current cycle.
Caroline Bowler, CEO of BTC Markets, told Cointelegraph that she is seeking outside predictions from investment banking firms such as Standard Chartered that Bitcoin could reach $200,000 by the end of 2025.
“In the short time we've seen EFF participation, there's been sustained support for that text,” she said.
Jonathon Miller, managing director of Kraken Australia, told Cointelegraph that while the discussion during the halving naturally translated into price predictions, he saw the event as a “reminder of progress in global adoption.”
“My hope is that with the next Bitcoin halving, crypto adoption will accelerate and even the most stubborn tech halvings will learn about halving for the first time,” Miller said.
The halving is seen as miners struggle
However, there are concerns that with Saturday's Bitcoin halving and the next coming in 2028 – the main miner rewards could be reduced to a level that would make Bitcoin mining unprofitable in the long term.
RELATED: 10 Days Until Halving: Bitcoin Mining Profitability Won't Necessarily Fall
On January 26, Cantor Fitzgerald released a report stating that the majority of publicly traded Bitcoin mining companies need to stay above $40,000 if they want to stay in business long-term.
At current prices, this is not an issue for most miners. However, if Bitcoin falls below $40,000 – it could raise concerns around the rev.
Anderson also sees an increase in alternative revenue streams for mining companies outside of mining rewards for pure BTC.
With the popularity of Ordinals and other fee-generating applications such as the Runes protocol and Layer-2 networks such as Stax, mining revenues have increased.
Similarly, Bowler seems unfazed by the idea that mining could become “too expensive,” saying that current concerns about mining and energy efficiency should be taken as “hyperbole.”
Web3 Gamer: Bitcoin Halving Raises Games, Shrapnel's ‘Easy' Secret Revealed
