Hello friends, Today, I want to offer you a hopeful perspective. As you know, everyone talks about cryptocurrencies skyrocketing tens or hundreds of times after halving events. However, the current situation is quite grim, and aside from futures traders, many, including myself, have lost a significant portion of their investments. But let's embark on a thought experiment based on past scenarios.
Let's create a list of where $BTC was priced on its halving days:
1. Halving: November 28, 2012 (around $11)
2. Halving: July 9, 2016 (around $600)
3. Halving: May 11, 2020 (around $8000)
4. Halving: April 20, 2024 (around $60,000)
To keep it simple and easy on the eyes, I've rounded off the figures. Now, what we need to do is look at the prices one year after each halving:
1. One year after the first halving: November 28, 2013 (around $780)
- A 71x increase after one year
2. One year after the second halving: July 9, 2017 (around $2225)
- A 3.7x increase after one year
3. One year after the third halving: May 11, 2021 (around $45,900)
- A 5.7x increase after one year
4. One year after the fourth halving: April 20, 2025
Do you still believe it will be below $60,000 after a year?
Hodl tight, brace yourself!
Note: All content in this post is for informational purposes only and does not constitute investment advice. You should conduct your own research and seek advice from a professional before making any financial decisions. Investment decisions are your own responsibility, and the author cannot be held liable for any consequences arising from the information in this post.
