Michael Saylor Bitcoin Interview 2024 - "My Two Big Crypto Bets - Buy Now Or Regret Soon"

In the dynamic realm of cryptocurrencies, few events command as much attention and potential impact as Bitcoin's (BTC 1.42%) halving. On April 19, Bitcoin experienced its fourth halving, marking a pivotal moment in its journey.

While past performance doesn't always predict future results, a closer examination of the halving reveals Bitcoin's resilience and its potential for significant price appreciation.

Since the halvings cut Bitcoin's inflation rate, they effectively change the dynamics around its supply and demand. As a result, even if demand stays constant, then the price has to increase to offset the supply reduction. Essentially, halvings exert upward price appreciation in Bitcoin.

We can see this when analyzing Bitcoin's past performance after a halving. In the years a halving occurs, Bitcoin usually returns around 125% on average. If this trend holds, then that would put its price at $100,000 if measuring from the beginning of 2024.

Even better, as the effect of the halving solidifies, it is in the years following a halving that the best gains typically arise. In those years, Bitcoin grew by nearly 400% on average. If this halving follows a similar pattern, then Bitcoin could see its price reach somewhere around $500,000 in 2025.