Sounds promising

What to expect after 2024 halving.

In the three months leading up to the fourth halving in April 2024, the price of Bitcoin experienced one of its largest bull runs in history. During this period, Bitcoin surged by 180%, reaching an all-time high of $71,000, a remarkable milestone since the beginning of the year.

Samson Mow recently highlighted the importance of the approaching Bitcoin halving. Mow referred to it as "the spark of a massive supply shock."

Crypto analyst Ali Martinez suggested in December that the forthcoming Bitcoin halving could fuel an extended period of bullish trends for the leading digital asset.

Anthony Pompliano highlighted that despite the recent significant crash, Bitcoin (BTC), the largest cryptocurrency by market capitalization, has appreciated eightfold since the previous halving event in 2020.

Changpeng Zhao recently referenced his tweet from October last year, where he mentioned adding a page on Bitcoin halving to Binance. He also shared his perspective on this event, noting that historically, about a year after a halving, Bitcoin's price begins to surge to new highs. While the price does not double overnight, CZ highlighted that many people often start to question why this price increase occurs.

Investment banks, such as JP Morgan and Goldman Sachs, remain cautious. Goldman Sachs advised caution to clients about interpreting past Bitcoin halving cycles. They noted that while previous halvings often led to Bitcoin price increases, the timing to reach new all-time highs varied widely.

The bank's Fixed Income, Currencies and Commodities (FICC) and Equities team emphasized the need to consider prevailing macroeconomic conditions when assessing the impact of halving events on Bitcoin prices. This advice was shared with clients on April 12 ahead of Bitcoin's fourth halving in April 2024.

Legendary trader Peter Brandt expressed an optimistic view, prompting the "pump" cycle is still in action.