Charles Edwards, founder of Capriole Investments, who commented on the Bitcoin halving cycle, made some remarkable statements.
The fourth Bitcoin halving took place in April. With the halving in question, the block reward dropped to 3,125 BTC. Many crypto analysts claim that the fourth halving has started a new bull cycle.
Edwards, who said that “This is the last meaningful Bitcoin halving,” claimed that the price will not go parabolic after the halving in 2028.
According to a recent report by BlackRock, the price of Bitcoin (BTC) has increased 592 times since its inception in 2009. When looking at the last three halvings, the leading cryptocurrency has shown parabolic gains after each one.
While BTC increased 555 times after the 2013 halving, investors increased 104 times after the 2017 halving. On the other hand, profits were achieved 21 times after the 2020 halving. The mentioned increase is expected to repeat after the fourth halving in April.
The Capriole Investments founder claimed that the mentioned increase is the last bull cycle and the halving will have no impact after 2028.
“Because halving events are so popular and the BTC mining industry is so efficient right now, you won’t see a huge price increase. I think the 4-year halving cycle will no longer be valid after 2028.”
Edwards, who claims that $BTC has a lower inflation rate than gold, said;
“The next halving won’t be that important because BTC’s inflation rate is lower than gold. Therefore, a big drop won’t have much impact on BTC.”
Stockmoney Lizards, an analyst who comments on market cycles, has made a prediction about the peak of the current bull cycle. The analyst claims that $BTC will be worth between $200,000 and $260,000 by the last quarter of 2025.
