Experts say the price of Bitcoin could top $200,000 by 2028 but concerns around network security and miner profitability still loom.
Saturday’s Bitcoin (BTC) halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.
Despite miners being technically paid less for their efforts in securing the network, halving events are widely regarded by many analysts as being a precursor to significant increases in the price of Bitcoin — with the “supply shock” of new BTC hitting the market from miners being significantly reduced.
Speaking to Cointelegraph, Swyftx lead analyst Pav Hundal looked to the price action that occurred following previous halvings to predict a price increase of at least 100% by the 2028 halving, which would put Bitcoin somewhere around the $120,000 mark.