2024

Bitcoin

Impact

April

As the Bitcoin halving approaches, many analyzes and evaluations are being made regarding its impact on the price. While some expect the rise to continue after the halving, others think the halving event is over-exaggerated.
At this point, a detailed evaluation came from Bitwise.
Bitwise analysts, who have historically analyzed the price movements of Bitcoin after the halving, stated that in general, the BTC price did not present a very positive picture in the month following the halving.
Although there was no immediate increase in the short term after the halving, analysts pointed out that in the long term, that is, within a year following the halving, the increase in the BTC price reached triple digits.
<blockquote>
 “Historically, halvings have benefited the bitcoin price in the long run:
 The change in Bitcoin price in the year following the halving was as follows:
 2012: 8.839% 2016: 285% 2020: 548%
 The change in Bitcoin price in the month following the halving was as follows.
 2012: 9% 2016: -10% 2020: 6%
 “Data is limited, but the chart reveals an intriguing pattern: Current market prices reflect the short-term impact of the halving but underestimate its long-term impact.”
</blockquote>
While Bitwise states that a limited and imprecise interpretation can be made for the Bitcoin price in the short term, considering that the data is limited, it argues that the halving has a tremendous impact on the price in the long term.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Historically, the Halving Has Been Good for Bitcoin’s Price Long-Term (a Look at the Data)
 The change in bitcoin’s price in the year following the halving:
 2012: 8,839% 2016: 285% 2020: 548%
 The change in bitcoin’s price in the month following the halving:
 2012: 9% 2016: -10%… <a href="https://t.co/aaXSakLfko" rel="noopener noreferrer nofollow">pic.twitter.com/aaXSakLfko</a>
 — Bitwise (@BitwiseInvest) <a href="https://twitter.com/BitwiseInvest/status/1780256503766688053?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 16, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitwise-analysts-talk-about-the-short-and-long-term-impact-of-bitcoin-halving-underestimated/" rel="noopener noreferrer nofollow">Bitwise Analysts Talk About the Short and Long-Term Impact of Bitcoin Halving: "Underestimated!"</a>

Bitwise Analysts Talk About the Short and Long-Term Impact of Bitcoin Halving: "Underestimated!"

Bitcoin Sistemi EN

Weitere Artikel, die am 17. Apr. 2024 veröffentlicht wurden

Pishon Health launches incubator to support African health tech innovators with $100,000 capital,...

XRP Whales Move 287M Tokens, Will XRP Price Hit $0.60?

Upbit temporarily stops large crypto transactions over $721

This Data on Ethereum Options Turned Negative for the First Time Since January! What Does It Mean...

SoundHound AI Stock Crash Washes Off $1.5 Billion

Crypto Whale's Ethereum Long Strategy Goes Awry, Resulting In $4.5M Loss: Report

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!