The halving is always what draws new money in. It's not like magically every four years like clockwork lots of people decide to start putting money into Bitcoin for random other reasons, the halving is always the reason. Or more precisely, the halving brings in a bunch of new money which increases the price and then a bunch of new people bring in a lot more money purely for speculation because they see the price going up, and that second wave of money is what causes the crash afterwards because they are the people who don't know what they are doing and get scared and sell as soon as the price starts dropping.
The halving is what brings in new money which is what leads to the bull market every four years.
The halving is what brings in new money which is what leads to the bull market every four years.
I agree with you that the halving brings new money as the news of any sharp rise in price will be all over the place and people actually buy the news. What I only find disturbing is how Bitcoin could move to a high of $69k and drop to as low as $16k.You will agree with me that it take a strong believer not to fidget and that is what I think the author is point to; how to ensure that huge gains made by Bitcoin is sustained and corrections will not be so deep as to depict a failure.
But in all, Bitcoin have always come out stronger and better and the future holds so much promises.