The Bitcoin halving event is expected to have a significant impact on the cryptocurrency industry. The halving event reduces the supply of new bitcoins, which can lead to a decrease in the number of bitcoins available for purchase. In normal markets, lower supply with steady demand usually leads to higher prices ¹³⁴.
The previous two halvings in 2012 and 2016 were followed by a bull run in the cryptocurrency market ¹³. The next halving is expected to occur in April 2024, and it is predicted that it will lead to another bull run ¹².
However, it is important to note that the cryptocurrency market is highly volatile and unpredictable. The impact of the halving event on the cryptocurrency industry cannot be predicted with certainty.
