free web page hit counter All about Bitcoin Halving - History and Price Predictions

All about Bitcoin Halving - History and Price Predictions

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What is a Bitcoin halving?

A halving is a planned reduction in rewards miners receive (the term is mentioned in Bitcoin’s code).
Halvings happen once every 4 years, and more precisely, every 210,000 blocks of transactions.
As the name suggests, each one cuts the amount of Bitcoin miners receive per block reward in half.

For miners, obviously, the block reward is going to be smaller, but for the rest of us, the future is uncertain despite the historical facts. If the interest in Bitcoin stays the same, and the scarcity greater, the natural thing would be for the price of the asset to increase.

The history of the halvings

This is the history of the halvings:
2009 - The Bitcoin’s launch - miners received 50 Bitcoin per block
2012 - The 1st halving - reduced the reward for miners to 25
2016 - The 2nd halving - cut the rewards to 12.5
2020 - The 3rd halving - brings the reward to 6.25 tokens

What are the predictions for the price of Bitcoin after halving?



1. Forbes - Bitcoin Price Prediction 2020: $91.000

Tom Lee, Global Advisor’s Funds Head of Research, thinks Bitcoin could rise to $91,000 by March 2020, based on the thorough database, statistics, and graphs that help to visualize short-term and long-term trends.

Tom Lee’s Bitcoin price prediction 2020: $91,000

Tom Lee Top 5 Bitcoin prediction charts for Bitcoin halving

Source: Forbes

As you can see in the chart above, the calculations also include the cost of mining Bitcoin, which is essential for today’s subject. Moreover, the same chart consists of hourly, daily and monthly trading trends and technical analysis, showing us a steady rise despite the occasional drawbacks, also known as bear markets.

2. IHODL - Bitcoin Price Prediction 2020: $100.000

A multilingual news and analytics website, IHODL, has published a very illustrative chart regarding the Bitcoin price prediction for the 2020 halving.

IHODL Bitcoin price prediction 2020: $100,000

Top 10 Bitcoin halving predictions IHODL Bitcoin Price Prediction 2020 $100.000

Source: Reddit

As it is clearly visible, their long-term prediction is also bullish as they forecast that the price of BTC could hit a new ATH of $100,000.

IHODL Bitcoin price prediction 2020: Unspecified, but could reach $100,000 in the coming years.

3. Josh Rager (Twitter) - Bitcoin Price Prediction 2020: $150.000

Josh Rager is a trader and investor with a popular Twitter profile followed by almost 60,000 followers. He has done a variety of informative charts on a long-term bitcoin price prediction based on previous halving outcomes.

Josh Rager’s Bitcoin price prediction 2020: $150,000

Top 10 Bitcoin halving predictions Josh Rager (Twitter) - Bitcoin Price Prediction 2020 $150.000

Source: Twitter

Although he believes the for the next Bitcoin cycle peak we will have to wait until July 2023, when there is a possibility that BTC will hit $150,000, he offers a moderate perspective on the period directly following the halving.

He doesn’t see BTC hitting the new ATH in 2020, which correlates with our analysis from the beginning of the article.

Josh Rager’s Bitcoin price prediction 2020: Not clearly stated but, according to the charts, until the end of 2023, the price of Bitcoin could skyrocket towards $150,000.

4. BeinCrypto - Bitcoin Price Prediction 2020: $144.000

A well-regarded cryptocurrency news outlet also predicts a bright future in the post-halving era, backed by a well-dissected TradingView chart (below).

BeinCrypto’s Bitcoin price prediction 2020: $144,000

Top 10 Bitcoin halving predictions BeinCrypto - Bitcoin Price Prediction 2020 $144.000

Source: BeinCrypto

It is visible that the have also calculated the accumulation periods, which we have already witnessed, and the 1-year “prior-to” periods.

BeinCrypto’s Bitcoin price prediction 2020: unclear for the year, but the long-term potential is for BTC to reach $144,000 in the years following the halving.

5. PlanB (Medium) - Bitcoin Price Prediction 2020: $55.000

PlanB is a popular medium profile that has done an analysis based on stock-to-flow and halving. Tere, the author, focuses on the element of scarcity as the driving force behind the rising valuation of Bitcoin.

PlanB Bitcoin price prediction 2020: $55,000

Top 10 Bitcoin halving predictions PlanB (Medium) - Bitcoin Price Prediction 2020 $55.000

Source: Medium

The chart provided by PlanB also confirms the bullish forecast, which would like to see Bitcoin climbing towards $55,000 after the halving occurs (not necessarily 2020).


6. Hackernoon

Hackernoon also brings a similar forecast as the outlets mentioned above. However, this is a wee bit more optimistic as they claim that BTC could also see a significant rise in 2020.

Nevertheless, according to Hackernoon, the new ATH, which they predict to be around $100,000, will be reached as soon as 2021.

Hackernoon Bitcoin price prediction 2020: a rise, but an ATH of $100,000 will be reached in 2021.


Source: Hackernoon

7. NewsBTC

NewsBTC dismantles the idea that halving can affect the price of Bitcoin directly like other outlets state. Instead, they are looking at a wider perspective. In order for BTC to reach $100,000 after the halving, a lot of things have to come to pass, NewsBTC claims.

However, fueled by the dry statistics, Bitcoin’s market capitalization could reach $1 trillion, which would, in turn, push the price towards $55,00 in 2020.

NewsBTC Bitcoin price prediction 2020: $55,000


Source: NewsBTC


8. Capital.com

In their extensive article about Bitcoin, Capital.com brought us a 2020 prediction along with all the reasons for forecasting the following price.

While the outlet states their belief that BTC may reach $23,500 by the end of this year, they went even more optimistic for the upcoming year. According to Capital.com, BTC will start 2020 somewhere around $25,000 just to reach $33,000 at the end of the year.

Capital.com Bitcoin price prediction 2020: $33,000


Source: Capital.com


9. Digital Asset Research Bitcoin price prediction 2020: $60,000

In their extensive research published on August 15th, Digital Asset Research reveals their logic according to which Bitcoin is able to reach $60,000 as a direct result of the upcoming halving.

Top 10 Bitcoin halving predictions Digital Asset Research

Source: Digital Asset Research Medium channel

The chart they used to back up their claim, of course, looks similar to other sources placed to explain their predictions. The only difference between the forecast published by Digital Asset Forecast is that they see BTC at the ATH much sooner than the majority of others.

Digital Asset Research Bitcoin price prediction 2020: $60,000





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