Crypto Experts Predict Price Surge After Imminent Bitcoin Halving
After periodic drops in 2024, Bitcoin is braced for its next halving – an event programmed to occur every four years that halves block rewards for miners. While some dismiss its short-term impact, crypto fund chief Alex Felix tells Yahoo Finance the halving has historically preceded huge price surges, with BTC rising to as much as $200k in the years following previous events.
BitGo’s Matt Ballensweig adopts a more cautious stance, urging traders to focus on fundamentals rather than getting caught up in halving hype. However, he acknowledges the protocol adjustment is designed to control inflation and could strengthen Bitcoin’s use case as a store of value. With its stock-to-flow ratio set to rise, many analysts predict long-term gains.
What History Shows About Bitcoin Price Post-Halving
Previous halvings in 2012 and 2016 both preceded massive bull runs, with BTC climbing over 20,000% and 2,500% respectively in their wake. Felix believes a six-figure price is possible in the next cycle if this pattern holds, though macro factors could impact timing.
For traders less convinced by halving hype, Ballensweig recommends focusing on adoption drivers like institutional uptake. With many large firms now holding Bitcoin, any resulting price rise may be gradual rather than volatile. Only time will tell what impact the imminent event has on the crypto’s trajectory.
