Bitcoin halving tomorrow - will prices rally?
The highly anticipated 4th Bitcoin halving event is taking place tomorrow, with the mining reward being halved from 6.25 to 3.15 per block.
There are some mixed expert opinions about what will take place after the halving regarding Bitcoin's price.
Bitcoin has recently peaked, which may have an influence, with Matthew Harcourt, analyst at Apollo Capital, saying that
“In the lead-up to the previous halving, the bitcoin price was around 30 per cent to 40 per cent below its all-time high. But this time it’s only just below its all-time from a month or so ago.”
In past halving events, the price has shot up. However, there are some doubters about this round of halving.
Billionaire Arthur Hayes doesn’t think the price will rally, and instead warned it could even be negative after the halving event, according to Crypto Potato.
Despite this, Ben Celermajer, co-founder of Magnet Capital, believes that Bitcoin ETFs will still prevail , saying that:
“Bitcoin performance over the next 12 months will continue to be driven mostly by ETF demand."
However, all we can do is estimate until the event takes place. So, what do you think will happen to Bitcoin prices after tomorrow?
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Tonyco : down down down then
102458277 Tonyco: Why down?
DwarfCo : down to 50k - 60K
PiscesMonkey : after bitcoim halving finish bitcoin price x2
SonnyM : usually down for a few weeks as miners sell and then moons for a year
Wilson_Khor_Lawyer99 102458277: Capitalists have the opportunity to buy bargains
Lions Den 102458277: from what I understand it goes down for a bit then goes back up, then alt coins rise
SonnyM : crowd was wrong, going down to under 60k less than 40% said down