🔥The price of Bitcoin after the halving.
Waiting for the Bitcoin halving that will happen today at 8:33 p.m. Peru time, there are divided opinions about how the price of #Bitcoin will react after #halving , some analysts predict that the price will rise exponentially, while others expect a correction.
According to the CEO of #Binance @Richard Teng in a statement to The block says that “Bitcoin has historically experienced notable price increases in the six months following each halving event. In fact, Bitcoin reached new all-time highs in each 4-year period between previous halving events.”
On the other hand, an analyst from #JPMorgan mentions “we do not expect increases in the price of Bitcoin after the halving, since it has been discounted.” This refers to the fact that the price of Bitcoin has already reached a new maximum price before the halving. I think that perhaps this time it will be a little different with institutional intervention through #ETF and an unfavorable macroeconomic environment, unlike the 2020 halving.
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