Bitcoin halving is coming soon. How will Bitcoin price trend after halving? Bullish or bearish?
Let's speculate whether Bitcoin will be bullish or bearish after halving? Will it drive the rise and fall of altcoins? Will the black swan reappear?
Bitcoin halving is the process of reducing the supply of Bitcoin by half every four years, which is often seen as a catalyst for bullish prices. However, the recent approval of spot ETFs may reduce the potential positive impact of halving.
Historically, halving has put upward pressure on the price of Bitcoin. Previous halving cycles have pushed Bitcoin to new highs. However, this time, strong demand for spot ETFs may hinder the rise.
Since the launch of ETFs, the demand for Bitcoin has been huge. Once the halving occurs, it is logical that the price will rise as the supply is further reduced.
Bitcoin hit a record high before the first halving, so there are concerns that ETFs are driving demand growth and perhaps we will hover at current levels for a while.
Since the beginning of the year, Bitcoin ETFs have offset the impact of the supply halving by purchasing a large amount of BTC.
Since investor demand is already strong, the halving may not affect ETF flows, at least not in the short term. So if it does have an impact, it is unlikely to have much of an impact in my opinion.
Despite these concerns, many believe that the halving will still be an important catalyst for Bitcoin and ETF flows in the long run. I think the halving will be one of the best things to happen to Bitcoin since the launch of ETFs.
The hype around the halving may help Bitcoin attract many investors who are looking for alternative assets to hedge against global macro fluctuations. The halving occurs at a time when people are a little uneasy about the risks that Bitcoin protects against. Many investors are starting to pay more attention to how to protect their portfolios from major changes in the global economy.
*This is not an investment advice.
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