Bitcoin Halving Effect on Asset’s Behavior Still Unclear: Coinbase
Getting a clear picture of the crypto market’s reaction to the halving would require disentangling the effects of several external factors, according to Coinbase.
Read the report.
“We think it’s possible that the next bitcoin halving in 2Q24 could have a positive impact on the token’s performance. However, the limited supporting evidence makes this relationship still somewhat speculative, in our view,” the Coinbase research head added.
Some interesting analysis, but I have a different theory; that the price has a lot to do with mining technology and the release of faster and more efficient machines. These would offset the drop in mining profits suffered at each halving. This means there is less pressure on miners to sell immediately to finance their operations. This then means that any global liquidity would be pushing at an open door.
interesting
pump n dumpy
If you look at this profitability chart
https://bitinfocharts.com/comparison/mining_profitability-price-btc.html#alltime
and overlay the BTC price chart, you'll see what I mean.
The numbers have seen vast changes over the years, so best to look at each cycle and use the log scale.
Bitcoin holders with 100 BTC or less scooped 254% of mined supply last month: Glassnode
we shall see if that was wise ;-)
Crypto Strategist Predicts Parabolic Bitcoin Move, Says BTC Could Catch Fire With Single Spark
the spark?
and...
oh... speculation.
denial
the fate of mined coins is important
DataDash is always fun...
mmm... similar view to mine.
hah!
Fidelity Rumored To File Bitcoin Spot ETF In US, Bid For Grayscale
Just what Nick was saying, Blackrock is not wholly unique, Liberty and Vanguard will be rushing in IF a spot BTC ETF had any chance of being approved. This can still take a few months, adding to uncertainty.
Also, DCG has been siphoning their fees from GBTC for years, and at a mouth-watering 2% pa, and with no income sources or trading, that means GBTC's true NAV is likely at a 20% discount just based on coins held. So much for "accredited" investors.
excited again
within touching distance
BullTC
this is a different world and too many are expecting the same patterns.
when everyone knows, that's when surprises happen.