What will be the most suitable investment for you after the Bitcoin Halving event? Should you invest in Altcoin now?
1. Cyclicity. Bitcoin operates cyclically since its development with 4 phases: Accumulation - Growth - Distribution - Decline. Long-term accumulation from 2022 to the end of 2023 shows that the market is ready for strong growth again.
2. Communication. In 2021, Bitcoin continuously set ATH and the media did everything to promote this on all media channels and social networks. Currently we do not see that, at least the way they do communication is not strong enough.
3. FOMO of new investors. If media tools continue to promote good news about Bitcoin in the near future, the number of new investors pouring into the market will be huge. Newcomers will definitely buy BTC because they are greedy and in a state of FOMO. Buying force will push BTC price up sharply.
4. Fooling old investors. Altcoins do not always bring higher profits. After Halving, BTC is often the coin that shows "outperformance" compared to Altcoins, BTC price increases, BTC Dominance increases, causing investors to sell Altcoins and FOMO into BTC.
5. Bitcoin is now an attractive investment channel. Spot Bitcoin ETF was approved in the US and is gradually being introduced into traditional investment channels by many other countries around the world, indirectly promoting demand for BTC and increasing BTC price.
