My predictions of BTC and Hive at the 2028 Bitcoin halving
I am not watching out for the next Bitcoin halving in 2024, but the one in 2028.
For the simple reason that the longer horizon accords me with more tolerance for errors. The year 2024 is pretty close, and things do not look good given the current global situation.
Let's stretch it to 2028, the fifth halving for Bitcoin. Things could better balance out and a look at what might happen in 2028 could give us some clues about what to do today. If we are willing to wait that long, so to speak.
We all know that every Bitcoin halving is accompanied by euphoria in the crypto market. The market was always bullish around the period of halving. What was meant to be Bitcoin's party always turns out to be a party for other altcoins. Clearly, that was precipitated by attention from the retail market, seeing BTC prices skyrocketing due to Bitcoin halvings.
Based on the simple interpolation above, I am predicting that Bitcoin could be worth about $160K per piece in 2028. This is obviously a very modest value compared to what some had suggested, say in the range of millions.
Of course, bear in mind this is 2028, six years from now, i.e. a long wait.
If this materializes, it would mean that an investment of $20K in BTC at today's price yielding $160K six years later means that the yield rate is about 110% per year.
Let's look at Hive next.
Assuming that we have a crazy bull market for altcoins at the 2028 Bitcoin halving, my interpolation of Hive price suggests that Hive could be $8 per piece. Again, you may think this is overly modest given that Hive would have undergone much more development by then.
Still, from $0.5 to $8.00 in six years would mean the annual yield rate is about 250%.
With all these predictions, I can now ask how much do I want to have earned in 2028 from Bitcoin and Hive? This would give me a clue of how much I need to put in today at the thick of the bear market.
You may not agree with me, but hey it's 6 years I am talking about. So who knows what would happen?
P/S: This is not financial advice, and please do your own due diligence before investing.
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It's sensible. Looking at the market through this perspective gives you the ability to better prepare and position yourself. 6 years might seem a lot so it'll give you ample time to develop your game plan and see it unfold right through the moment.
That's right! We need some kind of numbers to build our projections with.
What I am proposing isn't exactly too far fetched.
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Bear in mind.
Hehe, I don't know why I got a kick out of this.
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:) LOL !PIZZA
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Have this in mind and the dream is coming to reality
Everything is possible, but we are going to see what is going to happen in 2028.
!PIZZA
I like the article, although all readers should keep in mind that there is a lot more that needs to be taken into consideration when predicting prices (multiple other charts, regulations, money printing, geopolitics, and macro-economical situations, just to mention a few), especially as far as 6 years from now.
However, I would love it if you pull this article again when the time comes, so that hopefully we can all look back and think how silly we were. Especially if all the prices go to these levels or higher :)
Haha! That’s the beauty of immutable blockchain isn’t it!
Thanks for your support!
!PIZZA