BTC halving will happen in 2024. No one can determine the exact time though. That’s why predictions about when it will happen vary wildly.
Block halving events happen every 4 years or 210,000 blocks on Bitcoin blockchain.
Past BTC halving charts reveal that the price of BTC tended to increase 1 year before and 1 year after the halving. This trend has persisted for the past 3 times. Historical trends may not reliably predict future price movement, but you may feel comforted to think that BTC halving typically correlates with a pump in price. Mind you, BTC halving may be an example of a self-fulfilling prophesy because many people believe the price to pump, so they buy BTC. And for that reason, BTC really rises in value.
While the halving/bull run relationship has stayed consistent for the past three cycles, just because scarcity breeds value doesn’t mean that we should be expecting exponential gains in our BTC portfolio come 2024. There are signs that BTC is maturing as an asset, so it is unlikely that it will multiply ten times in value ever again. In fact, due to prevalent institutional and retail adoption, BTC has acquired a reputation as the blue chip of the crypto world. No other altcoin comes close to its image of security, except for ETH.
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