A widely followed crypto strategist predicts that the next halving will cause Bitcoin (BTC) to hit six figures for the first time. Here are the details.
Bitcoin has become one of the most prominent assets in the cryptocurrency world in recent years and has become an important store of value for many investors. While the price of a cryptocurrency is determined by a number of factors along with demand and supply factors, halving events also have an important factor.
A halving is an event where Bitcoin’s block reward is halved and the supply of new Bitcoin is reduced. This leads to controlling the supply of Bitcoin and making it a more constrained resource. Halving events in the past have resulted in significant increases in the price of Bitcoin.
According to the prediction of the anonymous server of InvestAnswers, the next halving event, which will take place in April 2024, could trigger a big bull run for Bitcoin. During this time, the combination of dwindling supply and increasing demand could lead the price to reach six figures. This forecast is based on past price movements and shows that Bitcoin’s growth potential still remains.
The crypto strategist predicts that Bitcoin will reach $157,279 on September 19, 2025.
“Imagine a 15-16 month old bull. The fun part is what happens if history repeats itself…
September 19, 2025 may be the date when the all-time high will hit. (…) If this target hits 2.27 times the previous all-time high, that could get us to $157,279 which is of course a theoretical target.”
Price target in September 2025 becomes more likely if institutional adoption increases, according to Trader. However, the investor also warns that if macroeconomic conditions deteriorate unexpectedly and violently, the halving could only result in Bitcoin returning to its previous all-time high.
“But to balance things out, there’s also the bear situation…
Macro, if things get ugly on the global geopolitical front, I believe, worst-case scenario, we’ll be back at $69,000. So Bitcoin could return to $69,000 a little over two and three years from now.”
Bitcoin is trading at $26,930 at press time, up 1.75% in the last 24 hours.
You can follow the current price action here.