There was a time when Bitcoin (CRYPTO: BTC) was seen as a fringe experiment—known mostly to tech-savvy enthusiasts and often linked to questionable online activity. But those days are long gone. Today, Bitcoin is a recognized financial asset with a staggering market capitalization of $2.2 trillion, putting it in the same league as some of the world's most valuable corporations.
Its performance speaks volumes. Over the past three years alone (as of July 10), Bitcoin has skyrocketed by 416%, vastly outperforming traditional stock market returns. If history is any guide, there's good reason to believe its value will continue climbing in the coming years.
Is now the right time to invest in Bitcoin before 2028?
The answer leans toward “yes,” but first, it helps to understand Bitcoin's unique rhythm—its four-year halving cycle.
The Halving: Bitcoin’s Built-in Clock
Unlike other assets, Bitcoin follows a predictable issuance schedule. Every four years or so, the number of new Bitcoin generated is cut in half through an event called the "halving." The most recent halving occurred in April 2024, reducing block rewards from 6.25 to 3.125 BTC.
When you examine Bitcoin's long-term price trends in relation to past halvings, a pattern becomes clear. The crypto often experiences significant gains in the 12–18 months following each halving. After the May 2020 halving, Bitcoin hit an all-time high of around $68,000 in November 2021. Similarly, following the July 2016 halving, Bitcoin surged to over $19,000 by December 2017.
But these dramatic price increases are often followed by sharp corrections. Market bubbles inflate, investor excitement wanes, and Bitcoin prices fall—sometimes by more than 50%. This cycle of boom and bust is part of how markets evolve, with investor sentiment swinging in unpredictable ways.
Looking Ahead
While it's impossible to pinpoint exactly where Bitcoin will top out during this current cycle, it's not unreasonable to expect it to exceed its current price of $111,000 by October—the 18-month mark post-halving. The recent passage of the One Big Beautiful Bill Act (OBBBA), which increases federal spending and national debt, could serve as a tailwind for Bitcoin, as investors look to hedge against inflation and fiscal instability.
The Risk of Sitting on the Sidelines
Of course, there's no guarantee. By the time the next halving rolls around in spring 2028, market conditions could look very different. A U.S. recession is possible. Or inflation could surge again due to the OBBBA, pushing interest rates higher and dampening investor appetite for riskier assets like crypto—potentially ushering in another "crypto winter."
But with Bitcoin's history of resilience and growth after each halving, choosing to wait might mean missing out on substantial upside.
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