With bitcoin's long-anticipated halving behind it, where does the price of the original cryptocurrency go from here?

Bitcoin’s all-time high was on March 14, 2024, trading at $73,835.57 per bitcoin. The lowest intraday price that the crypto traded in the past year was $24,780.17 on June 15, 2023. The original crypto is up by 120.38% year over year.

Mining popular digital currencies demands a tremendous amount of energy, and the reduced supply of Bitcoin will spur operations that are centered on that goal to work even harder. The recent Bitcoin halving has put a spotlight on the popular cryptocurrency—and raised new questions about the environmental footprint of the crypto world.

Rob Chang of Gryphon Digital Mining explained why he believes a nine-figure bitcoin price record is reachable within four or five years.

Bitcoin's recent surge has been fueled by ETF inflows. However, that's not the only factor fueling the surge, as Chinese capital outflows have sparked a recent correction. Historical data suggests Bitcoin could undergo an explosive rally again,