Bitcoin’s path toward $240,000: Case analysis of the bull market after the halving in 2026

Bitcoin’s halving in 2025 will reduce the block reward from 6.25 BTC to 3.125 BTC, and the annual supply growth rate will drop from about 1.8% to about 0.9%. Given the adoption of institutional investors – more than $50 billion will be spent on Bitcoin products in 2024 – analysts predict that Bitcoin prices could soar to $240,000 by 2026 driven by scarcity and ongoing demand.