It's the early fall of 2024, and it has been a big year for Bitcoin (CRYPTO: BTC), including a halving event in April and the approval of spot Bitcoin exchange-traded funds (ETFs) in January. Bitcoin bulls expect a significant price increase in the near future -- but what comes after the next presumed spike?

Let's take a look at Bitcoin's prospects in the next three years. How bad will the next crypto winter be, and is this a good time to invest in cryptocurrencies?

In an effort to control the digital currency's long-term inflation, production of new Bitcoins becomes less rewarding over time. Miners are rewarded for auditing a fresh list of Bitcoin transactions, and thereby writing that data block in digital stone to secure it against future changes.

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Source Fool.com