Will Bitcoin's 2024 halving result in another massive price surge as before?
Upon reflection, we can observe that every time Bitcoin has undergone a halving cycle, there has been a noticeable surge in value. From $11 to $1,150 in 2012, the price soared, and then from $650 to $20,000 in 2016. In 2020, Bitcoin experienced an even greater increase, rising from $8,800 to an unprecedented peak of $69,000.
Why should this cycle of halving be any different as the next one approaches in 2024?
Every halving event in history has resulted in a notable price spike, and since the fundamentals of Bitcoin are stronger than ever, there is every reason to think that another huge rise may be on the horizon. History might possibly be repeating itself! Bull runđ„
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