Bitcoin's halving, which took place on April 20, 2024, cut mining rewards for miners in half, which could lead to a new price bubble for the cryptocurrency. According to some analyses, the price of Bitcoin could reach $130,000 by September 2025.
Halving and the Bitcoin price bubble
Bitcoin halving is a scheduled event that takes place every four years. It reduces mining rewards for miners by half, which reduces the amount of cryptocurrency available on the market. Historically, halving has been followed by a new price bubble for Bitcoin. This can lead to a significant increase in Bitcoin's value, attracting more investors. In addition, this reduction in available supply can reinforce the cryptocurrency's perception of scarcity, thereby increasing demand.
Peter Brandt's forecasts
Peter Brandt, an experienced trader, has forecast that the price of Bitcoin could reach $130,000 by September 2025. According to him, previous halvings have been followed by periods of strong growth for the Bitcoin price. Brandt argues that the reduced supply of new coins is creating upward pressure on the price. He also believes that increased interest from institutional investors could amplify this trend.
Factors influencing the price of Bitcoin
Bitcoin's price is influenced by several factors, including demand and supply, regulations and economic events. Bitcoin halving is an important event that can affect the cryptocurrency's price. By halving mining rewards, halving reduces the supply of new Bitcoins on the market. This reduction in supply, combined with constant or increasing demand, can lead to a significant increase in price.
