Will Bitcoin Hit $100,000 in 2024?
— Price, Halving, Returns, Worth, High, Bitcoin, Alltime, Increase, Bitcoins, Previous — 1 min read
Bitcoin's block reward is cut in half every 210,000 blocks -- or roughly every four years. Bitcoin's first halving was in November 2012 and dropped the block reward from 50 Bitcoins to 25 Bitcoins. The next halving is set to take place about May 2024. In the current cycle Bitcoin peaked at almost $69,000 in November 2021 -- based on past behavior, Bitcoin's price should be about 55% less than that. A gain of this size from our speculative $30,000 price in May 2024 price would imply a new all-time high of almost $150,000. To maximize potential returns, the data show us that Bitcoin after the halving likely will be at least at least least at most of its current price. Source