As we all know who knows about bitcoin that bitcoin halving is about to happened in May 2020. Now what happened to the price before and after halving of bitcoin? Here I give u some facts about that and predicted bitcoin price. This prediction is totally my calculation nothing with any survey agency and totally based on previous experience.
There are two halving done previously on 28 Nov 2012 and 9 July 2016 and third is about to happened on 2nd week of May 2020. Halving means that the production will be halved after every four years. Started in 2009, in every 10 minutes 50 bitcoins are generated. In Nov 2012, the production is halved that in every 10minutes production is 25 and in July 2016 12.5 and now in May 2020 it will become 6.25 bitcoin every 10 minutes. By this halving 87% of total production will be end but for next 13% of production we will completed in approx 122 years i.e. 2142 AD.
When halving happened in Nov 2012 that time price of Bitcoin was $12 and 6 months before it is $5. It means 2.4 times return. And by end of 2013 the price is $1200. It means 100 times.
When halving happened in Jul 2016 that time price of Bitcoin was $700 and 6 months before it is $350. It means 2 times return. And by end of 2017 the price is $19000. It means 27 times.
When halving happened in May 2020 that time price of Bitcoin was around $6000 and by May 2020 if we take previous experience it will be 2 times means it is around $12000. And by end of 2021 if on conservative side we will take 10 times return than it will be $120000 or more.
This is mere calculation. Market is very volatile so invest wisely and use your spare funds if interested in investing in bitcoins.