What long-term price estimates are analysts giving for Bitcoin ahead of the 2028 halving?
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Correct Answer
Analysts forecast Bitcoin could reach up to $644,000 before the 2028 halving, with more conservative estimates like $165,000 from J.P. Morgan reflecting confidence in its role as digital gold.
Why is this the correct answer?
This is correct because long-term price models often factor in supply cuts from halvings, growing institutional adoption, and reduced inflation in new coin issuance. The high-end figure of $644,000 comes from some bullish projection models, while established financial firms set more moderate targets, all showing positive expectations.