🚨 $BTC halving begins just in 3 weeks: April 19, 2024.
I spent hundreds of hours researching how alts react to halving and was shocked...
I will delete this thread soon, as this is what will difference the losers from those who will make millions this cycle 🧵👇
➮ Many are stocking up on alts, creating huge portfolios, and expecting enormous growth after the halving.
Others are selling, fearing that after the halving, there will be stagnation and a downturn.
So, who is right? Let's figure it out...
➮ The halving will take place on April 19th, which is not so far away, and it will be the fourth halving ever.
In the picture below, you see all the halvings that have occurred.
To understand what will happen in 2024, we need to look back at 2016 and 2020 halvings 👇
But before we start...
I often share 100x gems absolutely for free, so I plan to make my profile private soon, so make sure to follow ME. @Crypto PM
1/➮ Let's start with a brief analysis of the market cap of all altcoins from 2016 to 2024
✧ I took the chart of all alts except the top 10 and currently, we have the following situation
Now let's analyze each halving separately 👇
2/➮ 2016 halving
✧ After the 2016 halving, alts were in decline for 6 months.
✧ However, this mainly happened cause in 2016 alts were not so popular, and almost all projects except BTC were of little interest.
Only by 2017 did interest emerge, leading to huge growth.
3/➮ 2020 halving
✧ In 2020, there were no downtimes, and alts continuously grew almost until the end of 2022.
✧ Crypto was much more popular by then between normies, which is why altcoins kept growing steadily, and even if there were any pullbacks, they were short-lived.
4/➮ 2024 halving
✧ This year is already showing us a different picture, as growth has already begun and seems to be ahead of the timeline.
✧ Considering the past two halvings where corrections or sideways phases occurred, but were never prolonged, we won't see any downtime.
5/➮ Ofc, it's all difficult to predict accurately, and a lot can change throughout the halving period.
✧ But considering the steady halving timeline of 1.5 years, I think we will see a gradual, steady growth over 1 year.
6/➮ It's important to consider the recent approval of the BTC ETF, which led to a large influx of new users and liquidity
✧ More liquidity will lead to less volatility
✧ BTC is almost a universally recognized rn
All this could make the upcoming bull run more prolonged
7/➮ Summing up:
✧ Considering all the above-mentioned facts, it is unlikely that we will see any sharp market movements or a freeze in the market
✧ So I think we will gradually grow as the cycle has already started
It's just my research, so remember to DYOR.
