Key Takeaways
- Bitcoin’s price reaching $100,000 before the 2028 halving is considered plausible.
- The next Bitcoin halving is expected around April 17, 2028.
- CoinMarketCap says Bitcoin would need to gain about 63.8% from current levels.
Bitcoin’s price reaching $100,000 before its next halving in 2028 remains one of the crypto market’s most widely debated price targets.
The milestone would require another strong multi-year rally after the 2024 halving halves new Bitcoin issuance.
Historically, Bitcoin has recorded significant gains following previous halving cycles, although analysts caution that past performance does not guarantee future returns.
To examine how realistic a $100,000 Bitcoin may be before the next halving, we asked ChatGPT, Google’s Gemini, Anthropic’s Claude, and xAI’s Grok for their assessments.
What Is a Bitcoin Halving and When Is the Next One?
A Bitcoin halving is a pre-programmed event that halves the reward miners receive for validating new blocks.
The mechanism occurs every 210,000 blocks — roughly every four years — and gradually slows the rate at which new Bitcoin enters circulation until the cryptocurrency reaches its fixed maximum supply of 21 million coins.
The most recent halving took place on April 20, 2024, reducing the block reward from 6.25 BTC to 3.125 BTC.
The next halving is expected to occur around April 17, 2028, when block 1,050,000 is mined.
At that point, miner rewards will fall again from 3.125 BTC to 1.5625 BTC per block, although the exact date depends on how quickly blocks are mined.
Many investors view halvings as bullish because they reduce the supply of newly created Bitcoin entering the market.
What Happened To Bitcoin Price After the Last Halving?
According to trading platform IG Group, Bitcoin’s fourth halving occurred on April 20, 2024, at block height 840,000.
During the event, the mining reward was reduced from 6.25 BTC to 3.125 BTC per block.
Bitcoin was trading at roughly $64,000 during the halving, following significant volatility in the preceding weeks.
“The price was relatively volatile in the weeks leading up to the halving, having reached an all-time high of around $73,000 in March 2024 before experiencing a retracement,” IG Group said in its market analysis.
Bitcoin’s price initially declined in the weeks following the halving, then embarked on a broader upward trajectory in subsequent months.
Investors who bought at the halving saw their positions decline in the short term.
However, Bitcoin’s price later recovered and advanced to new all-time highs, climbing to around $83,671 by mid-April 2025, a roughly 31% gain from halving-day levels.
It surpassed $100,000 later that year.
$100,000 Bitcoin Price Before Next Halving? 4 AI Models Weigh In
We asked AI for its take on the forecasts.
ChatGPT
OpenAI’s ChatGPT said a move to $100,000 before the 2028 halving appears achievable, although it depends heavily on continued institutional adoption.
“$100,000 is a realistic target over the next two years because it represents a relatively modest gain by Bitcoin’s historical standards,” it said.
However, the model cautioned that macroeconomic conditions remain the biggest uncertainty.
“If ETF inflows remain healthy, interest rates gradually ease and adoption continues, Bitcoin reaching six figures before the next halving is more likely than not.”
Its outlook:
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Bearish: $70,000-$90,000
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Base case: $100,000-$130,000
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Bullish: $180,000+
“Crossing $100,000 isn’t the difficult part. Sustaining prices well above that level will depend on whether demand continues absorbing new supply.”
Gemini
Google’s Gemini argued that Bitcoin’s fixed issuance schedule continues to provide a structural advantage over traditional assets.
“The combination of declining new supply and growing institutional access creates a supportive backdrop for higher prices over the medium term,” it wrote.
Gemini added that the next halving could reinforce existing supply constraints if ETF demand remains resilient.
Its scenarios were:
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Bearish: $65,000-$85,000
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Base case: $100,000-$140,000
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Bullish: $175,000-$225,000
“$100,000 before the next halving is well within a reasonable base-case scenario, though timing will remain highly dependent on liquidity conditions.”
Claude
Anthropic’s Claude offered the most cautious assessment.
“Bitcoin has repeatedly demonstrated the ability to appreciate rapidly, but projecting price targets several years in advance requires assumptions about demand that cannot be verified today,” it said.
Claude argued that investors often overestimate the impact of halvings while underestimating broader macroeconomic risks.
Its forecast was:
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Bearish: $55,000-$80,000
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Base case: $90,000-$120,000
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Bullish: $150,000+
“$100,000 is certainly possible before 2028, but I would not describe it as inevitable.”
Grok
xAI’s Grok was the most optimistic of the four models.
“Bitcoin’s supply schedule becomes increasingly meaningful as institutional ownership expands and more coins move into long-term storage,” it said.
Grok argued that continued corporate treasury purchases and ETF accumulation could create another supply squeeze before the next halving.
Its outlook included:
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Bearish: $80,000-$95,000
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Base case: $120,000-$160,00
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Bullish: $250,000+
“$100,000 appears to be a reasonable milestone rather than an extreme outcome under current market assumptions.”
Is the $100,000 Bitcoin Price Before the Next Halving Realistic?
Bitcoin would need to rise approximately 63.8% from current levels to reach the six-figure milestone.
According to CoinMarketCap analysis, a move is “plausible but not guaranteed.”
The outcome will largely depend on macroeconomic conditions, demand for spot Bitcoin ETFs, and broader crypto market cycles.
Bitcoin has previously delivered gains of this magnitude over one- to two-year periods, meaning the required appreciation would not be unprecedented.
CoinMarketCap analysis outlines three broad scenarios.
Under a conservative case, Bitcoin could remain largely between $40,000 and $80,000 if economic conditions remain challenging and institutional demand weakens.
Its base case sees Bitcoin trading roughly between $70,000 and $110,000 before or around the next halving.
This would be supported by steady ETF inflows and a relatively stable macroeconomic backdrop.
In a more bullish environment, the analysis suggests Bitcoin could briefly climb toward $120,000 to $150,000.
For this to occur, Bitcoin would have seen stronger liquidity, accelerated adoption, and supportive regulation.
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Kurt Robson is a London-based reporter at CCN, specialising in the fast-moving worlds of crypto and emerging technology. He began his career covering local news in Cornwall after graduating from Falmouth University with First Class Honours in Journalism. There, he cut his teeth on everything from council meetings to missing swans.
He quickly rose through the ranks to become a frontline journalist at several of the UK’s leading national newspapers. Over the years, he has interviewed musicians and celebrities, reported from courtrooms and crime scenes, and secured multiple front-page exclusives.
Following the upheaval of the COVID-19 pandemic, Kurt shifted his focus to technology journalism—just ahead of the AI boom. With a natural curiosity and a trained eye for emerging trends, he has found a new rhythm in reporting on innovation.
At CCN, Kurt's work focuses on the cutting edge of crypto, blockchain, AI, and the evolving digital world. Drawing on his background in people-first reporting and his deep interest in disruptive tech, Kurt delivers stories that are insightful, entertaining, and human-centric.
