According to the technical analysis of Bitcoin prices expected in 2040, the minimum cost of Bitcoin will be $$3,773,189. The maximum level that the BTC price can reach is $$4,123,022. The average trading price is expected around $$3,898,129. Bitcoin price price Around three months after the approval of the Spot Bitcoin ETF, the virtual currency will experience its fourth Bitcoin Halving since launch, which is due to happen during April 2024. The Bitcoin Halving will cut the reward granted to miners on the Bitcoin network from 6.25 BTC to 3.125 BTC. There's much speculation around the impact the Bitcoin Halving event will have on the asset's price. Historically, Bitcoin's value has experienced a major spike in the months following the halving event. Following the last halving on May 11, 2020, Bitcoin's price jumped from $8,821 to $10,943 in the 150 days from May 11, 2020.
The Bitcoin network is essentially a ledger containing a record of all Bitcoin transactions made since 2009, the network launch. There are thousands of nodes, which anyone can operate anonymously. Nobody owns or controls the Bitcoin network, and updates to the software are accepted by community consensus. Peter Brandt Backs Michael Saylor’s Controversial Bitcoin Is King Statement Each bitcoin is made up of 100 million satoshis (the smallest units of bitcoin), making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.S. dollar.