Bitcoin’s price is directly related to the cost of mining, which is a costly process that never goes down. Every four years, the amount of Bitcoin that’s mined is cut in half, and this scarcity increases demand, leading to a price increase. Evidence from the past decade suggests that within six months after every Bitcoin halving, a bull run followed, as seen in 2013, 2017, and 2021. The next halving will occur in 2024, with the next bull run predicted to happen in 2025.
The Burning Question In Every Crypto Investor’s Mind
If there’s one thing that’s been on the mind of every crypto investor, it’s this – when will the next bull run take place? While there’s no definitive answer to this, there’s definitely an educated guess based on evidence that’s over a decade old – and we’re excited to share it with you.
The Link Between Bitcoin’s Price and Mining Costs
Bitcoin’s price is closely tied to the price it costs to mine the cryptocurrency. This process is expensive to undertake and never comes down – computers are responsible for mining Bitcoin, and the amount of Bitcoin mined is cut in half every four years. This has happened continuously since 2012 and will occur again in 2024.
Basic Economics: The Key to Predicting Bull Runs
When the supply falls and the demand stays constant or increases, then price rises are almost guaranteed – this is basic economics at play. After every Bitcoin halving, rises in demand and subsequent bull runs have been recorded six months after the event.
When Will the Next Bull Run Happen?
Based on this information, it’s evident that the Bitcoin bull runs of 2013, 2017, and 2021 were all six months after each halving. Therefore, we can expect the next bull run to occur in 2025, following the 2024 Bitcoin halving. It’s a waiting game, but holders can take comfort in the fact that basic economics predicts another surge in price in a few short years.
So, keep a watchful eye on the next halving and enjoy the fruits of the coming bull run in the cryptocurrency market. Until then, HODL on to your Bitcoins and wait for the inevitable rise in value.