The consensus is that halving is bullish as it halves the pace of supply expansion, creating a demand-supply imbalance in favor of a price rise, assuming the demand side remains unchanged or strengthens. Bitcoin chalked out stellar rallies, setting new record highs over 12-18 months following the previous halvings, which occurred in November 2012, July 2016, and May 2020.
Related posts
-
$3,000 Gone Overnight: Bitcoin’s Slide Sparks Global Crypto Shakeup
Bitcoin’s value slid early Monday, dipping beneath the $94,000 mark. In the past 24 hours, a... -
Microstrategy’s Bitcoin Binge Snags $561M in Latest Buy, Pushing Holdings to 444K BTC
The business intelligence firm Microstrategy has added more to its bitcoin (BTC) holdings, according to a... -
Metaplanet makes largest Bitcoin bet, acquires nearly 620 BTC
Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings...