Examining Bitcoin’s price prediction after its 2028 halving

Key Points

1. Bitcoin's 2028 halving will reduce block rewards to 1.5625 BTC, continuing the built-in scarcity mechanism designed by Satoshi Nakamoto.

2. Historically, each halving has triggered significant bull runs, with post-halving price surges of 9,000% (2012), 2,900% (2016), and 700% (2020).

3. The 2024 halving was unique due to the introduction of Spot Bitcoin ETFs, which brought institutional investment, contributing to a new all-time high above $120,000.

4. Miners face revenue cuts post-halving, leading to potential shutdowns of less efficient operations, which can temporarily affect network stability.

5. Future Bitcoin price movements will be influenced by institutional demand, global economic conditions, and regulatory developments like Europe's MiCA and the U.S.'s FIT21 laws.