HALVING

Looks like the halving is happening on April 20.

(Yes, I know, 4/20.)

Typically, miners sell before the halving to upgrade their equipment. After all, they’re getting a pay cut and the halving forces them to be at least twice as efficient to remain competitive.

The same dynamic has been playing out. Miners have made up a huge chunk of the selling pressure in the past month.

That said…

Historically, each halving has led to increased market attention and interest, sending Bitcoin up for months afterward.

For example…

The first halving in November 2012, the second in July 2016, and the third in May 2020, each followed a pattern where the price of Bitcoin increased significantly after a period of adjustment and increased adoption, despite initial volatility and changes in mining profitability.

While SHORT-TERM impacts on price are not always dramatic, the months and years following halving events have typically seen HUGE price rallies.

This historical data is also pushing the price higher. Get in BEFORE the halving seems to be the sentiment.

ETH ETFS ARE NEXT

Franklin Templeton just filed an application for an Ethereum ETF.

With Ethereum, you have the same dynamic potentially playing out.

But maybe even more dramatic.

One of the biggest differences between the Bitcoin ETF and the Ethereum ETF is that, with Ethereum, the selling pressure isn’t as severe from miners.

Furthermore…

Larry Fink, Jamie Dimon, and many other players have come out and expressed bullish views on tokenization.

Fink said the ETFs are just a stepping stone to “the technological revolution in financial markets” that includes “the tokenization of every financial asset.”

The premier blockchain for tokenization? Ethereum.

In anticipation of the ETF, Standard Chartered sees Ethereum hitting $4,000 by May.

Our prediction? Bigger.

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