Bitcoin Price Volatility Expected Around Upcoming Halving Event, But Post-Halving Rallies Have Occurred Historically

• Bitcoin price declines ahead of halving events are historical norms, with 40% drops in 2016 and 20% in 2020; current decline patterns align • Halvings cut miner profits in half, causing volatility as miners leave, analogous to "a wildfire" • Post-halving, extended Bitcoin price rallies have occurred historically - up 17x in 2016 and 6x in 2020 • New demand shocks like Bitcoin ETF approvals could intensify typical halving impacts • Bitcoin's shift from retail to institutional investors is extending volatility to related equities like MicroStrategy and Bitdeer