Halving estimates are always tricky with retargeting—your 2028 projection seems plausible, though I’d watch ETF inflows for upward pressure on price (and miner competition). Just read an analysis on how ETF flows in 2026 reshaped fund dominance; BlackRock bled assets while Bitwise surged.
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026