2024 Bitcoin Halving May Not Spark Price Surge Like Previous Events

While the Bitcoin halving is considered a catalyst for bull markets, the 2024 event may play out differently.

The halving's impact on prices is often overestimated since it's a predictable event and demand is more important.

Analyst Mike McGlone says anticipated events like the halving often don't happen as expected.

Each halving has less impact on Bitcoin supply, so demand is becoming the dominant price factor.

It's unclear how the 2024 halving will impact crypto; bull run catalysts are now more driven by demand changes.