https://www.youtube.com/watch?v=6fzBZHaj59Y The #BitcoinHalving 2024 is on the horizon, estimated for April 21, 2024. Historically, halvings have been precursors to bull runs, sparking immense interest in the #crypto community. But what can we expect this time?
A #BitcoinHalving is when miner rewards are cut in half, reducing new Bitcoin supply and potentially pushing prices up if demand remains steady or increases. With three halvings in the past, each has seen a rally in price, with cycle bottoms forming 11-15 months before and tops 1-2 years after the halving.
The first halving in 2012 saw a monumental 10,058% gain post-halving. The second in 2016 led to a 2,869% increase, and the third in 2020 resulted in a 687% gain, with each cycle experiencing significant corrections.
As we approach the 2024 halving, the question remains: will history repeat itself? The scarcity of Bitcoin will increase, and demand could surge with US spot Bitcoin ETFs' approval. However, the Fed's interest rate decisions will be crucial in Bitcoin's performance alongside other risk assets.
While the halving sets the stage for potential rallies, it's essential to remember that past performance does not indicate future results. Stay informed, and don't bet the farm on predictions.
#CryptoNews #Bitcoin2024 #Investing #Blockchain
beitmenotyou / Michael J Burgess
npub1yt…hx7a5
2024-03-12 23:07:29
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npub1ytnq39um06ultqr5m28uznkzepkmkqfdj9r56hcyqcqmh07rq99szhx7a5Published at
2024-03-12 23:07:29Event JSON
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"content": "https://www.youtube.com/watch?v=6fzBZHaj59Y The #BitcoinHalving 2024 is on the horizon, estimated for April 21, 2024. Historically, halvings have been precursors to bull runs, sparking immense interest in the #crypto community. But what can we expect this time?\n\nA #BitcoinHalving is when miner rewards are cut in half, reducing new Bitcoin supply and potentially pushing prices up if demand remains steady or increases. With three halvings in the past, each has seen a rally in price, with cycle bottoms forming 11-15 months before and tops 1-2 years after the halving.\n\nThe first halving in 2012 saw a monumental 10,058% gain post-halving. The second in 2016 led to a 2,869% increase, and the third in 2020 resulted in a 687% gain, with each cycle experiencing significant corrections.\n\nAs we approach the 2024 halving, the question remains: will history repeat itself? The scarcity of Bitcoin will increase, and demand could surge with US spot Bitcoin ETFs' approval. However, the Fed's interest rate decisions will be crucial in Bitcoin's performance alongside other risk assets.\n\nWhile the halving sets the stage for potential rallies, it's essential to remember that past performance does not indicate future results. Stay informed, and don't bet the farm on predictions.\n\n#CryptoNews #Bitcoin2024 #Investing #Blockchain",
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