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#crypto #bitcoin #btc
Third prediction the Bitcoin harving will have next to no immediate effect on btc’s price for reference it’s believed that the harving causes btc’s price to increase because of the reduced Supply coming onto the market as basic economics dictates if you reduce Supply while demand stays the same or increases
Then prices should rise naturally many have argued that the additional Supply squeeze brought on by the harving should push BTC higher and to to be fair there is some historical evidence for this during the harving in 2016 btc’s price almost doubled over the course of a couple of months consistent with these
Supply demand economics during the Haring in 2020 however btc’s price barely budged in the days that followed some would argue that this is because investors were distracted by other factors such as the pandemic but we would argue that this was probably because the BTC harving had mostly been priced in
9 Comments
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Guy, make sure you are taking Vitamin D3.
The halving will have little difference, after this halving as the difference is becoming to smaller & smaller..
The available supply has been shrinking since 2020..
I think an equally plausible theory for the previous halving having little price effect was the low demand due to low interest in BTC. This upcoming halving may have a significant price increase due to the much greater media coverage of the ETFs issue effectively educating a much more interested public.
We went from super cycle to super dud. ETFs , halving and soon even QE will all push BTC to ATL.
#Silkroadblackrockdumps
Halving doesn't reduce supply. Supply still increase until 21 mill, but lower rate.
2024 april dragon year enemy of dog… I call it over 65k..
Funny how you weren't saying this a month ago,