The father of Bitcoin - Satoshi Nakamoto set the supply limit at 21 million Bitcoins to control inflation, and currently about 19 million tokens have been issued to the market. Each time 210,000 blocks are mined, the reward for miners is halved. This process is called halving and occurs approximately every 4 years.
Bitcoin could reach $435,000 at the 2028 halving - Image 1.
Cryptocurrency players expect Bitcoin's price to rise sharply in the future.
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According to CoinTelegraph, Bitcoin's price often rises sharply after each halving in the past. TradingView data indicates that Bitcoin's price has increased by about 658% since the last halving in 2020. The next halving is expected to occur this April. If history repeats itself, the world's largest cryptocurrency could potentially reach $435,000 at the time of the 2028 halving.
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