Hey fellow crypto enthusiasts,
With the upcoming Bitcoin halving season just around the corner, there’s a lot of speculation and excitement in the air. The previous halving events in Bitcoin’s history have been significant milestones, often followed by substantial price rallies. In light of this, I wanted to initiate a discussion on whether we believe Bitcoin will reach new all-time highs (ATH) during the next halving season.
For those who may be unfamiliar, a halving is an event that occurs approximately every four years, during which the block reward for miners is reduced by 50%. This mechanism is built into Bitcoin’s code and aims to control the inflation rate and ultimately cap the total supply at 21 million BTC. Historically, halvings have coincided with substantial price increases, leading many to anticipate the same for the next cycle.