We know the halving is coming so I did the math and found some I think is interesting.
In 2012, the price of BTC was $12 before the halving.
Four years later, the next halving on July 9, 2016, the price of BTC was $670.
That’s a 5483.33% increase.
Fast-forward to May 11, 2020, the subsequent halving, and the price was $8,787.
That’s a 1211.49% increase.
The price in 2020 would’ve been higher without the pandemic-related crash, but does that even matter? Life happens. Things happen. So I’d say I wouldn’t consider that a relevant exception in this particular case.
Now, fast-forward to 2024, the next halving, and the price in a few weeks will likely be between $62,000 and $68,000.
That’d be an increase in the region of 600%, give or take.
So logically, it would make sense to assume 300 +/- % increase in the next four years.
So in 2028, with the next halving (after this one), the price of BTC would be around $220,000-$230,000.
Between here and 2028, the price will almost certainly reach $100,000. And probably $150,000.
What are your thoughts?
bitcoinea 
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