Expert on the upcoming Bitcoin halving in April: “The price will rise above $100,000 this year”

There are several reasons for this: An important influencing factor is the so-called Bitcoin halving, which will take place this April. The number of coins minted daily is reduced by half. The total number of Bitcoins is predefined to be around 21 million.

Currently, 900 Bitcoins are distributed every day. After the halving, another 450 Bitcoins, or more precisely 3,125 Bitcoins, will appear every ten minutes. There are a total of 32 predefined halvings. This means that less Bitcoin comes to market approximately every four years. The halving, which will be held in April, is the fourth halving to occur since Bitcoin was launched in 2008. It is impossible to say exactly when this will happen. This is expected to happen around April 20, 2024.

Currently, 19.6 of 21 million Bitcoins are in circulation. The remaining 1.4 million will be distributed over the next 120 years. Scarcity also increases prices.

The price may continue to increase

But this year is a little different. “For the first time, the all-time high was surpassed before the halving,” explains Adrian Fritz (33). He is head of research at 21Shares, Switzerland’s largest crypto-asset issuer.

Typically, the Bitcoin price reaches its all-time high six to 18 months after the halving. Now Bitcoin broke the record on March 13, shortly before the halving.

Still, Fritz is confident that the halving will provide a strong boost to Bitcoin this year as well. “In my personal opinion, the price could rise to $150,000 by the end of this year,” predicts the expert.

21Shares’ Swiss boss, Sina Meier (46), is a little more cautious in his prediction, but also believes in Bitcoin’s future growth: “Personally, I assume the price will rise above $100,000 this year.” As a crypto asset issuer, 21Shares manages assets worth almost four billion dollars.

Influence from the USA

In addition to the halving, crypto ETFs traded in the US since the beginning of 2024 are also increasing the Bitcoin price. ETF providers currently hold around half a million Bitcoins. “Demand for Bitcoin far exceeds supply,” says Fritz.

The US Federal Reserve also has influence on decentralized currencies like Bitcoin through its interest rate decisions. “Interest rate cuts are always good for risky assets,” Fritz explains. However, in March, the Fed had not yet turned the interest rate screw.

If you want to invest, you need time

Although fewer and fewer new Bitcoins are coming into circulation, it could be beneficial for investors to get started. “If you’re thinking long term, every day is a good day to participate,” Meier said in an interview with Blick. It’s best to invest between one and five percent of your total assets, depending on your willingness to take on risk. First of all, you should get information from a reliable source.

Swiss boss Meier knows: “Many pension funds are now also looking at the crypto industry.” However, crypto investors need to be able to deal with a certain level of volatility. According to Meier, this situation may improve in the future: As Bitcoin matures, everything will be less subject to value fluctuation.