I just read a really interesting analysis from BINANCE about the upcoming Bitcoin halving. It talks about how Bitcoin halvings, which cut the rewards miners get for mining new Bitcoins in half, have historically led to big price increases for Bitcoin. For example, in the 150 days after the last halving in 2020, the price of Bitcoin went up by 24%!
This time around, things are a bit different though. Bitcoin already hit a new all-time high in March, before the halving even happened. So, it's not clear if the price will go up as much this time.
It also shows that halvings lead to more people adopting Bitcoin. This is bec noause they get more people talking about Bitcoin and how it works. Plus, halvings make Bitcoin more scarce, which can make it more valuable.
In summary, it makes me wonder if it's still a good time to buy Bitcoin. On the one hand, halvings have historically led to price increases. On the other hand, this time around things are a bit different...
Disclaimer: I am not a financial advisor and this is not financial advice. You should always do your own research before making any investment decisions.
