It’s become commonplace to assume that Bitcoin’s halving event in April 2024 is going to bring enormous gains, as average crypto fans, keenly anticipating the event, boast a considerable level of bullish sentiment. But is it really such a safe prediction? Previous halvings in 2012, 2016, and 2020 succeeded in leading bullish charges, sure – yet it’s worth considering potential other factors which may or may not have an impact.
Admittedly one of the fundamentals surrounding the occasion – cutting the rate of supply by half, thus kindling underlying asset deflation and dominating demand – might arouse a far greater demand growth than usual. Yet, as opposed to most assets, when investing in long-term Bitcoin, lower interests create higher spending which isn’t actually something generally seen as positive. Essentially BTC serves as the apex of investors or speculators’ pyramid, so appeasing gains is counteracted by obstructions in validation.
Essentially, with the May 2020 halving hitting its peak and experiencing its highest rate ever of $68,790 and unsettling rate rises overall, all of which joined in helping lift the previous heights emulated in 2012 and 2016; shrieking rival Litecoin, however, suggests fewer gains where despite three comical halvings over 2015-2019 it survived in the negative as of now. Simply it gets neglected.
Hence, without any vital confirmation of BTC’s halving towered above a freakishly consistent high bar, with nonexistent certainty of investment routes thatmay end uptriggering demand; stopping fabricated eagerness in using voltage forecasts as a basis of decisions. The substitution in burning desire forloquacity and unswerving in holds is mandatory.