The cause of the halving can be considered the main trigger for many people who have put their trust in Bitcoin and continue to enter the market to buy Bitcoin with the money they have. I also think that changes in the crypto market will continue to occur at the end of this year and also at the beginning of 2024 because until now there are still many people who believe in the potential price increase that will occur in Bitcoin later.
the halving gives that sense of scarcity for bitcoin that motivates many people to start accumulating, i remember back then when halving is happening, usually the price aren't increasing suddenly by significant amount but instead the market is turning the direction of bullish trend, the increase was steady and slow at the beginning but later on it goes faster and faster maybe because the presence of institutional investors back then that try to make some big fuss about investing in bitcoin, i remember clearly that tesla is one of the company that invested and when they clarified to public that they are investing, everyone went crazy even other big corporation and companies are also following the same path, developing app for crypto, integrating it to their product and so on, that cause the bitcoin price to go as high as $100k and thats already so massive.
right now we see we are moving towards the direction of bullrun and I think its just matter of time that we see the bullrun maybe in the next year we will see some great change and maybe we gonna have yet another bullrun.
The last coin that would be mined would be on 2140+ on which if the demand would really be keeping on increasing then we can really expect that value would really be also the same. We are really indeed now on 2024
on which it is already that a few months now before that halving event would kicked in,but we should really that make ourselves wary about those potential bull run would be kicking in whether on Q4 of this year or would really be that happening on Q1-Q2 of 2025 on which there's no way on telling on when it would happen. This is what people been anticipating for it to happen on which we do know that there's always that possibility
when it comes to increasing prices on which it isnt something that we've been able to reach ever.
This is what majority of people or investors that had been expecting and anticipating for this cycle on which we are really that keeping nearing into that date.
It is really just that there are people who are really that skeptical about making accumulation not until they would be seeing those green candles. lol
Poll
