Economy

Bitcoin Beyond Halving: Predicting the Path to the Next Decade

Published

2 years ago

16/11/2023

Introduction

Since its inception in 2009, Bitcoin has captured the world’s attention and revolutionized the financial landscape. Its decentralized nature and limited supply have made it a magnet for investors seeking an alternative to traditional fiat currencies. As the decade-long journey continues, analysts and enthusiasts are closely observing the impact of halving events on Bitcoin’s price and overall trajectory. In this article, we explore the possible scenarios for Bitcoin in the next decade, reflecting on its past performances while keeping an eye on emerging opportunities. So, if you are planning to invest in crypto like Bitcoin, you may consider visiting a reliable trading platform such as the Immediate Momentum platform.

The Halving Phenomenon: A Defining Moment

What is Bitcoin Halving?

Bitcoin’s protocol incorporates a unique feature known as “halving,” programmed to occur approximately every four years. During this event, the mining reward for successfully adding a new block to the blockchain is reduced by half. This process ensures a controlled and predictable supply of new bitcoins, making it increasingly scarce over time. So far, there have been three halving events, and each one has had a profound impact on the cryptocurrency’s price and market sentiment.

The Price Surge After Every Halving

After each halving event, Bitcoin has experienced an unprecedented price surge, defying expectations and setting new records. The first halving in 2012 witnessed the cryptocurrency’s price skyrocket from a few dollars to over $1,000 in 2013. Similarly, the second halving in 2016 saw Bitcoin’s price soar from around $600 to almost $20,000 in 2017, making headlines worldwide. The third halving in 2020 pushed the price above $60,000 in 2021. These remarkable price surges have drawn both institutional and retail investors into the crypto market, cementing Bitcoin’s position as the king of cryptocurrencies.

Market Volatility and the Long-Term Trend

While halvings have historically led to bullish trends, Bitcoin’s journey has not been without its fair share of volatility. The cryptocurrency’s price has experienced several peaks and troughs over the years, influenced by various factors, including regulatory developments, technological advancements, macroeconomic events, and public sentiment. Yet, beneath the short-term fluctuations lies a steady long-term upward trend, indicating Bitcoin’s potential for substantial growth in the coming years.

The Next Decade: Predicting the Path Forward

Institutional Adoption: A Game Changer

In recent years, institutional interest in Bitcoin has surged, bringing legitimacy and stability to the crypto market. Renowned companies and financial institutions have started integrating Bitcoin into their investment portfolios, recognizing it as a hedge against inflation and economic uncertainties. This institutional adoption is expected to strengthen further over the next decade, potentially propelling Bitcoin’s price to new heights.

Technological Advancements and Scaling Solutions

Bitcoin’s underlying technology, the blockchain, has undergone significant advancements, making the network more efficient and scalable. Segregated Witness (SegWit) and the Lightning Network are two notable developments that have improved transaction speeds and reduced fees, making Bitcoin more practical for everyday use. As these technologies continue to mature, Bitcoin’s utility as a medium of exchange could increase, bolstering its position in the financial landscape.

Regulatory Clarity: Paving the Way for Mainstream Adoption

Regulatory clarity has been a significant hurdle for cryptocurrencies, but over time, governments and regulatory bodies worldwide have started acknowledging their potential and addressing concerns. As clearer regulations take shape, it will likely attract more traditional investors, contributing to Bitcoin’s mainstream adoption.

Environmental Concerns and Sustainable Mining

One aspect that the next decade will undoubtedly address is the environmental impact of Bitcoin mining. The energy-intensive process has raised concerns about its carbon footprint. However, researchers and innovators are actively seeking sustainable solutions that could make Bitcoin mining more eco-friendly, ensuring a greener future for the cryptocurrency.

The Emergence of Trading Platforms

Empowering Investors through Technology

As interest in cryptocurrencies surges, online trading platforms have emerged, empowering investors to participate in the crypto market efficiently. These platforms utilize advanced algorithms and machine learning to analyze market data and make data-driven trading decisions. With user-friendly interfaces, they cater to both novice and experienced investors, making it easier for anyone to enter the crypto space.

Embracing the Future with Online Platforms

Most Platform offers various features, such as real-time market analysis, automated trading options, and risk management tools, ensuring that users can navigate the dynamic cryptocurrency market with confidence. By providing a seamless trading experience, platforms contribute to the overall growth and acceptance of Bitcoin and other cryptocurrencies.

Conclusion

As Bitcoin enters the next decade, it does so with a robust foundation and growing global acceptance. Predicting its exact path remains a challenge, but with institutional adoption, technological advancements, regulatory clarity, and sustainable practices on the horizon, the future looks promising for Bitcoin. As individuals and institutions alike continue to explore the cryptocurrency market, platforms will play a vital role in empowering investors and fostering a more inclusive financial ecosystem for the years to come.

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Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

Food Concepts Return NASD OTC Exchange to Danger Zone

Published

7 hours ago

05/12/2025

Adedapo Adesanya

By Adedapo Adesanya

Food Concepts Plc neutralized the gains recorded by three securities, returning the NASD Over-the-Counter (OTC) Securities Exchange into the negative territory with a 0.27 per cent loss on Thursday, December 4.

Yesterday, the share price of the parent company of Chicken Republic and PieXpress declined by 34 Kobo to sell at N3.15 per unit compared with the previous day’s N3.49 per unit.

This shrank the market capitalisation of the OTC bourse by N5.72 billion to N2.136 billion from N2.142 trillion and weakened the NASD Unlisted Security Index (NSI) by 9.57 points to 3,571.53 points from 3,581.10 points.

Business Post reports that Central Securities Clearing System (CSCS) Plc went down by 50 Kobo to N38.50 per share from N38.00 per share, FrieslandCampina Wamco Nigeria Plc gained 29 Kobo to sell at N55.79 per unit versus N55.50 per unit, and Geo-Fluids Plc added 5 Kobo to close at N4.60 per share compared with Wednesday’s closing price of N4.55 per share.

Trading data indicated that the volume of securities recorded at the session surged by 6,885.3 per cent to 4.3 million units from the 61,570 units posted a day earlier, the value of securities increased by 10,301.7 per cent to N947.2 million from N3.3 million, and the number of deals went up by 146.7 per cent to 37 deals from the 15 deals achieved in the previous trading session.

At the close of business, Infrastructure Credit Guarantee Company (InfraCredit) Plc was the most traded stock by value on a year-to-date basis with the sale of 5.8 billion units for N16.4 billion, trailed by Okitipupa Plc with 170.4 million units worth N8.0 billion, and Air Liquide Plc with 507.5 million units valued at N4.2 billion.

InfraCredit Plc also finished the session as the most traded stock by volume on a year-to-date basis with 5.8 billion units transacted for N16.4 billion, followed by Industrial and General Insurance (IGI) Plc with 1.2 billion units sold for N420.2 million, and Impresit Bakolori Plc with 536.9 million units traded for N524.9 million.

Economy

Investors Gain N97bn from Local Equity Market

Published

7 hours ago

05/12/2025

Dipo Olowookere

By Dipo Olowookere

The upward trend witnessed at the Nigerian Exchange (NGX) Limited in recent sessions continued on Thursday as it further improved by 0.10 per cent.

This was despite investor sentiment turning bearish after the local equity market ended with 23 price gainers and 28 price gainers, indicating a negative market breadth index.

UAC Nigeria gained 10.00 per cent to finish at N88.00, Morison Industries appreciated by 9.94 per cent to N3.54, Ecobank rose by 8.53 per cent to N36.90, and Coronation Insurance grew by 8.47 per cent to N2.56.

On the flip side, Ellah Lakes depreciated by 10.00 per cent to N13.14, Eunisell Nigeria also shed 10.00 per cent to finish at N72.90, Transcorp Hotels slipped by 9.95 per cent to N157.50, Omatek shrank by 9.23 per cent to N1.18, and Guinea Insurance dipped by 8.46 per cent to N1.19.

Yesterday, the All-Share Index (ASI) went up by 152.28 points to 145,476.15 points from 145,323.87 points and the market capitalisation chalked up N97 billion to finish at N92.726 trillion compared with the previous day’s N92.629 trillion.

Customs Street was bubbling with activities on Thursday, though the trading volume and value slightly went down, according to data.

A total of 1.9 billion stocks worth N19.2 billion exchanged hands in 23,369 deals during the session versus the N2.3 billion valued at N21.0 billion traded in 21,513 deals a day earlier.

This showed that the number of deals increased by 8.63 per cent, the volume of transactions depleted by 17.39 per cent, and the value of trades decreased by 8.57 per cent.

For another trading day, eTranzact led the activity chart with 1.6 billion units sold for N6.4 billion, Fidelity Bank traded 31.0 million units worth N589.3 million, GTCO exchanged 28.3 million units valued at N2.5 billion, Zenith Bank transacted 27.1 million units for N1.6 billion, and Ecobank traded 21.9 million units worth N744.3 million.

Economy

Naira Loses 18 Kobo Against Dollar at Official Market, N5 at Black Market

Published

7 hours ago

05/12/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira marginally depreciated against the United States Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, December 4 amid renewed forex pressure associated with December.

At the official market yesterday, the Nigerian currency lost 0.01 per cent or 18 Kobo against the Dollar to close at N1,447.83/$1 compared with the previous day’s N1,447.65/$1.

It was not a different scenario with the local currency in the same market segment against the Pound Sterling as it further shed N15.43 to sell for N1,930.97/£1 versus Wednesday’s closing price of N1,925.08/£1 and declined against the Euro by 20 Kobo to finish at N1,688.74/€1 compared with the preceding session’s N1,688.54/€1.

Similarly, the Nigerian Naira lost N5 against the greenback in the black market to quote at N1,465/$1 compared with the previous day’s value of N1,460/$1 but closed flat against the Dollar at the GTBank FX counter at N1,453/$1.

Fluctuations in trading range is expected to continue during the festive season as traders expect the Nigerian currency to be stable, supported by intervention s by to the Central Bank of Nigeria (CBN)in the face of steady dollar demand.

Support is also expected in coming weeks as seasonal activities, particularly the stylised “Detty December” festivities, will see inflows that will give the Naira a boost after it depreciated mildly last month, according to a new report.

“As the festive Detty December season intensifies, inbound travel, tourism spending, and diaspora inflows are expected to provide moderate support for FX liquidity,” analysts at the research unit of FMDA said in its latest monthly report for November.

Traders cited by Reuters expect that the Naira will trade within a band of N1,443-N1,450 next week, buoyed by improved FX interventions by the apex bank.

Meanwhile, the crypto market was down as the US Federal Reserve’s preferred inflation gauge, core PCE, likely rose in September—moving in the wrong direction. However, volatility indices show no signs of major turbulence.

If the actual figure matches estimates, it would mark 55 straight months of inflation above the US central bank’s 2 per cent target. The sticky inflation would strengthen the hawkish policymakers, who are in favour of slower rate cuts.

Ripple (XRP) depreciated by 4.5 per cent to $2.08, Solana (SOL) went down by 3.8 per cent to $138.11, Litecoin (LTC) shrank by 3.1 per cent to $83.23, Dogecoin (DOGE) slid by 2.5 per cent to $0.1463, Cardano (ADA) declined by 2.1 per cent to $0.4368, Bitcoin (BTC) fell by 0.9 per cent to $91,975.45, Binance Coin (BNB) crumbled by 0.9 per cent to $899.41, and Ethereum (ETH) dropped by 0.7 per cent to $3,156.44, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 apiece.