TL;DR
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The halving isn’t like a lightweight swap that turns the bull run on/off, it’s extra like a landmark — we all know costs are likely to run up submit halving, however we don’t know precisely when.
Full Story
On Friday, the Bitcoin Halving came about — reducing the day by day circulation of latest Bitcoin getting into the market in half!
Making Bitcoin scarcer than it EVER has been earlier than, kickstarting the beginning of a brand new bull cycle!
And…and…
And nothing actually occurred to Bitcoin’s value after that…the truth is it stayed vary certain at round $65k all weekend.
So what’s up with that?
Effectively, the halving isn’t like a lightweight swap that turns the bull run on/off — it’s extra like a landmark. We all know costs are likely to run up within the months submit halving, however we don’t know precisely when — it’s simply ‘a while’ after the halving.
(Usually between 1-6 months).
The excellent news?
Up to now, costs haven’t crashed — which is one thing that has tended to comply with halvings of the previous.
(It’s often a ‘purchase the rumor, promote the information’ sort of occasion).
Guess we’ll should hurry up and wait 🧘