Posted 4/10/2024, 1:58:00 PM
Bitcoin Price Rise Before Halvings More About Demand Than Supply
- Historical data shows bitcoin's price tends to increase before halvings, though the impact is decreasing over time
- The halving's impact on price comes from increased demand, not reduced supply
- The halving draws attention to bitcoin's scarcity, which could increase demand
- The halving day itself will likely be a non-event per the efficient market hypothesis
- Investors should focus on overall bitcoin demand, not the halving event itself