Bitcoin Halving Event and Market Dynamics

An important event for Bitcoin, halving will take place on April 20th. According to Bitwise Asset Management, past halving events have created short-term disappointments, but led to significant price increases in the long term. For example, after the 2012 and 2016 halvings, there were short-term declines, but in the following years, there were significant increases of 8,839% and 285% respectively. A similar trend was observed after the 2020 halving, with a 548% increase in the Bitcoin price. Historic Halving Cycles and the 2024 Halving Process After each halving, short-term fluctuations in the price of Bitcoin were observed, and Bitwise interprets this as “market prices reflecting the short-term impact of the halving event but underestimating its long-term effects”. Prior to the 2024 halving, Bitcoin reached its all-time high level at $73,679, but after this peak, a 16% correction occurred. Halving Comments from Industry Experts Industry experts have different predictions about the […]

Bitcoin Halving Event and Market Dynamics

An important event for Bitcoin, halving will take place on April 20th. According to Bitwise Asset Management, past halving events have created short-term disappointments, but led to significant price increases in the long term. For example, after the 2012 and 2016 halvings, there were short-term declines, but in the following years, there were significant increases of 8,839% and 285% respectively. A similar trend was observed after the 2020 halving, with a 548% increase in the Bitcoin price.

Historic Halving Cycles and the 2024 Halving Process

After each halving, short-term fluctuations in the price of Bitcoin were observed, and Bitwise interprets this as “market prices reflecting the short-term impact of the halving event but underestimating its long-term effects”. Prior to the 2024 halving, Bitcoin reached its all-time high level at $73,679, but after this peak, a 16% correction occurred.

Halving Comments from Industry Experts

Industry experts have different predictions about the post-halving market effects. Markus Thielen, the research head of 10x Research, foresees a $5 billion sale by miners after halving, while Marathon CEO Fred Thiel claims that the halving rally has already been priced in by the markets. Additionally, analysts suggest that current market corrections could deepen further and the price of Bitcoin might drop to $51,000.

Useful Information

While halving may lead to short-term price decreases, it typically results in significant long-term price increases.
Markets do not immediately price in the halving effect, so investors should consider the long-term potential.
After the halving event, there may be market corrections and periods of increased selling pressure.
Although experts often predict different scenarios for the post-halving period, the general consensus is that the market has priced in the halving in advance.

In conclusion, Bitcoin halving events should be considered as important turning points for both short-term and long-term investment strategies. Investors can closely monitor market movements during these periods, evaluate potential opportunities, and mitigate risks.

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