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

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