Price Predictions for 2024 Bitcoin Halving


Key Takeaways

  • Price predictions are almost never accurate, so don't make investment decisions based on them.
  • The highest price prediction we found came from J.P. Morgan Chief Equity Strategist Tom Lee for $180,000.
  • The lowest price prediction we found came from Galaxy Digital CEO Mike Novogratz for $30,000.

Below is a list of Bitcoin price predictions for the 2024 Bitcoin halving.

In the past, the halving has led to major swings in Bitcoin’s price.

Obviously, it should go without saying:

These predictions should not be used to make investment decisions. You should do your own research and consult a financial profession before making any major investment.

The list below represents a range of ‘experts’ from analysts, investors, and influencers, among others.

Standard Chartered’s 2024 Bitcoin Price Prediction

Standard Chartered, in a recent shift of stance, suggests Bitcoin could reach $50,000 by the end of 2023 and potentially soar to $120,000 by the end of 2024.

standard chartered 2024 bitcoin price prediction

Earlier in April, the bank had forecasted a $100,000 end-2024 price point.

Geoff Kendrick believes there’s now a 20% increase to that estimate.

Kendrick’s reason?

The increasing profitability for Bitcoin miners.

Adam Back’s 2024 Bitcoin Price Prediction

Adam Back, a Bitcoin early adopter and cypherpunk, has doubled down on a bold wager:

Bitcoin hitting $100,000 by March 31, 2024.

Making this bet with an user named “Vikingo”, with 0.01 BTC on the line, Back suggests potential underperformance in Bitcoin’s last rally due to factors like Covid and various crypto bankruptcies.

Adam Back Bet

He also emphasizes the pivotal role of miners, citing a report that they’d need BTC to approach $98,000 to break even post-halving.

It’s worth noting Back made a similar $100K prediction for the end of 2021.

Berenberg’s 2024 Bitcoin Price Prediction

Berenberg, a renowned investment bank, has revised its Bitcoin price prediction for April 2024:


This is up from its previous estimations, considering the cryptocurrency was trading around $30,800 at their report’s release time.

berenberg 2024 bitcoin price prediction

The bank’s new higher price target is influenced by the upcoming Bitcoin halving event in 2024 and the intensified interest from significant institutions.

Berenberg’s confidence also extends to MicroStrategy, a business intelligence firm with notable Bitcoin holdings.

The bank raised its target price for MicroStrategy’s stock from $430 to $510, attributing the adjustment to both the company’s BTC assets, now valued at $8.74 billion, and an optimistic outlook for its software business.

Fundstrat’s Bitcoin Price Prediction

Fundstrat, a research firm founded in 2014 by former J.P. Morgan Chief Equity Strategist Tom Lee, foresees Bitcoin potentially climbing to $180,000 by its 2024 halving.

fundstrat 2024 bitcoin price prediction

This projection hinges on the anticipated launch of a Bitcoin ETF, which could boost daily demand by $100 million.

With upcoming halvings traditionally reducing supply and propelling prices, combined with a potential 4.0x to 5.0x multiplier effect on Bitcoin’s network, the firm remains bullish.

Moreover, Fundstrat sees a high probability of a Bitcoin ETF approval soon, especially with giants like BlackRock and Fidelity vying for one, potentially leading to significant inflows of capital into Bitcoin.

Mike Novogratz’s Bitcoin Price Prediction

Mike Novogratz, CEO of Galaxy Digital and a prominent Bitcoin maximalist, seems to be tempering his enthusiasm.

It was hard to find a 2024 prediction for Mike, however, he is notably less positive than he used to be.

At one time, he claimed Bitcoin had the potential to hit $500,000 by 2024, so much so that he even considered commemorating it with a tattoo - this has not gone well for him in the past.

Novogratz Luna tattoo

Novogratz now suggests he’d be content with Bitcoin reaching $30,000 by the end of 2023.

Speaking at a Bank of America conference, Novogratz reflected on Bitcoin’s price action and the mounting anticipation among investors, expressing that such a figure would exceed his recent expectations.

Jesse Myers’ (Onramp Capital) 2024 Bitcoin Price Prediction

Jesse Myers, co-founder of Onramp, shared on (formerly Twitter) that Bitcoin will likely breach the six-figure mark only after the 2024 block subsidy halving.

Challenging the Efficient Market Hypothesis (EMF), Myers believes the market will fully adjust to the halving’s effects within 12-18 months of the event.

Jesse Myers bitcoin 2024 price prediction

While he leans towards a patient outlook, figures like Robert Kiyosaki and trading group Stockmoney Lizards hint at substantial post-halving gains, fueling the debate around Bitcoin’s future trajectory.

AI Price Predictions

This wouldn’t be a true price prediction article without also consulting all of the big three AI large language models: OpenAI’s ChatGPT, Google’s Bard, and Microsoft’s Bing Chat.

I asked all of the artificial intellegence bots for a January 1, 2024 price prediction as well as post-halving price (estimated for April 26, 2024) prediction.

Here’s a summary with full (very interesting explanations) below it:

LLM 2024 Bitcoin Price Predictions

AI Model January 1, 2024 Post-Halving (April 26, 2024)
OpenAI's ChatGPT $28,500 $33,000
Google's Bard $40,000 $100,000
Microsoft's Bing Chat Would not speculate Would not speculate

OpenAI’s ChatGPT:

OpenAI’s ChatGPT said it does not predict the future prices of assets.

Chat GPT response to bitcoin 2024 price prediction

However, once I told it this was for experimental purposes only, it gave an estimate of $28,500 for Bitcoin’s price on January 1, 2024.

I then asked it for a post-halving price and it estimated $33,000 on April 26, 2024. It again reiterated that these numbers are not based on any predictive capabilities but are random guesses.

And how might we know this is true?

Because searching Google for other ChatGPT predictions results in wildly different results for other outlets:

Chat GPT separate response to bitcoin 2024 price prediction

Google’s Bard:

Bard claims to use a blend of known factors and randomness to come up with its prediction. It estimated a Bitcoin price of $40,000 by January 1, 2024, attributing this to institutional adoption and regulatory clarity, as well as hype for the halving later in the year.

For the post-halving prediction, Bard suggested that Bitcoin’s price could surge to $100,000 or more, given the historical patterns observed after previous halving events. It provided the following data to support its hypothesis:

Halving Date Price 6 Months Later
May 11, 2020 $10,000
July 11, 2016 $740

Microsoft’s Bing Chat:

Microsoft’s Bing Chat maintained a more conservative approach, stating that, as an AI language model, it cannot predict future prices.

I clarified I would not be making purchasing decisions off of its prediction, but it would not budge:

Microsoft Bing Chat 2024 Bitcoin Price Prediction

Bing emphasized that its responses are based purely on the current information and knowledge available and do not possess any predictive capabilities regarding future events. When further prompted, Bing reiterated its stance, emphasizing the importance of human discretion when considering investment decisions.

Article Sources

BuyBitcoinWorldWide writers are subject matter experts and base their articles on firsthand information, like interviews with experts, whitepapers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.

  1. Bitcoin to hit $120,000 - Bloomberg,
  2. Adam Backs $100k Bitcoin Bet - Twitter,
  3. Berenberg Bitcoin Price Prediction - Coindesk,
  4. Fundstrate Predicts $180,000 Bitcoin - Business Insider,
  5. Novogratz Lowers BTC target to $30k - Fortune,
  6. Jesse Myers 2024 Prediction - Twitter,

About the Author

jordan tuwiner

Jordan Tuwiner is the founder of He studied computer science at Towson University and holds an online degree in trading & cryptocurrency. Jordan has been writing about Bitcoin since 2015. His work has been featured in The Guardian, International Business Times, Forbes, VentureBeat, CoinDesk and many other top Bitcoin media outlets.