Bitcoin started the year around $3,800 mark and was slated to see a <a href="https://www.cryptoknowmics.com/crypto/bitcoin-was-consolidating-in-2019-bull-run-due-for-2020/">bull run</a> after the longest crypto winter in 2018. In the first half of the year, Bitcoin reached its yearly high of near $13k in July which made many optimists believe that the bull run was just around the corner. However, in the following months, the price of BTC saw many corrections and currently trading at around $7,340 mark. Despite losing nearly half of its value from the yearly high, Bitcoin has managed to generate 90% returns in 2019, higher than any other high performing asset.

Market analysts had made it clear that Bitcoin has moved past its bubble phase in 2018, and would see an uptick in its price right before the halving or post halving. However, the Litecoin halving in August this year did not help the price of LTC which did start a debate on whether Bitcoin would meet a similar fate.

Plan B, a crypto trader by profession explained that Litecoin has not seen any development work on its platform and the founder himself had sold his stake earlier, thus impacting the confidence of the community which in turn was reflected in the price. On the contrary, the Bitcoin network has seen the highest hash inputs, market dominance, rising institutional interests. Plan B also introduced stock-to-flow chart, which suggested Bitcoin can break into a bull run in the aftermath of <a href="https://www.cryptoknowmics.com/crypto/the-historical-price-impact-of-a-block-reward-halving-on-bitcoin-and-litecoin/">block reward</a> halving which could push its price as high as $100,000.
<h2>Bitcoin Could Return Over 1000% In The Next Decade</h2>
Jon Erlichman, Bloomberg's TV presenter recently shared a tweet showing the highest returning stocks in the last decade, which suggested Netflix returned over 4,117% in the previous decade. However, if we look at Bitcoin's performance in the previous decade, it started at zero in 2009 and remained near zero for a whole year before seeing an uptick from 2011.
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Stock returns in past decade:</p>
Netflix: +4,177%
Amazon: +1,787%
Mastercard: +1,126%
Apple: +966%
Visa: +824%
Starbucks: +800%
Salesforce: +792%
Adobe: +790%
Nike: +587%
Microsoft: +556%
Costco: +542%
Disney: +423%
Google: +335%
McDonald’s: +325%

— Jon Erlichman (@JonErlichman) <a href="https://twitter.com/JonErlichman/status/1209119957860208642?ref_src=twsrc%5Etfw">December 23, 2019</a></blockquote>
Block Reward halving is seen as a highly bullish event, where in the past BTC has seen surges of over 1000% near the halving event. While the next halving might not see a jump of that level given the reduced volatility, but long term technical analysis suggests the price to reach near $100k by 2021. Plan B's stock-to-flow chart suggest Bitcoin would become scarcer than gold.
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#bitcoin</a> will be scarcer than gold <a href="https://t.co/BuPxi0scmi">pic.twitter.com/BuPxi0scmi</a></p>
— PlanB [Jan/3➞? ] (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1208109981695987716?ref_src=twsrc%5Etfw">December 20, 2019</a></blockquote>
While price predictions in the cryptocurrency space haven't aged well, the supply-demand factor along with scarcity does make stock-to-flow chart relevant to Bitcoin's price movement. Given the rising popularity of Bitcoin, increasing adoption, greater awareness, and the influx of Wall Street investors, the scarcity factor would kick in either after the next having or in the following years after that. Many have also predicted that after 2020 halving it would be impossible for the general public to buy a whole Bitcoin.

Bitcoin's Post Halving Bull Run Can Generate Over 1000%+ Returns

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Bitcoin's Post Halving Bull Run Can Generate Over 1000%+ Returns

Top Picks