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#BTChalfing Hi folks, I have a different perspective about bitcoin halving. Only 27m USD a day will stop being mined after the halving while the BTC daily volume now stands at 62B USD a day, this is less than 0.1% of daily volume. This should therefore have a very minimal impact on price if we take out the psychological aspect. In the past, much lower volumes and higher supply cuts made the halving much more impactful, this time around it will be a non-event, the only thing that may take BTC higher is the ETF approvals and significantly more interest from individual investors, I still see BTC double in the next 1-2 years but the recent sharp increase has taken BTC way ahead of its trajectory and this is where I expect a retracement of BTC to 45k USD - 50k USD in a best case scenario. However, focusing on coins of the future with real and promising projects such as Solana, Arbitrum, VeChain, PancakeSwap and Polkadot would not be a bad idea at current price levels…
#BTChalfing Hi folks, I have a different perspective about bitcoin halving. Only 27m USD a day will stop being mined after the halving while the BTC daily volume now stands at 62B USD a day, this is less than 0.1% of daily volume. This should therefore have a very minimal impact on price if we take out the psychological aspect. In the past, much lower volumes and higher supply cuts made the halving much more impactful, this time around it will be a non-event, the only thing that may take BTC higher is the ETF approvals and significantly more interest from individual investors, I still see BTC double in the next 1-2 years but the recent sharp increase has taken BTC way ahead of its trajectory and this is where I expect a retracement of BTC to 45k USD - 50k USD in a best case scenario. However, focusing on coins of the future with real and promising projects such as Solana, Arbitrum, VeChain, PancakeSwap and Polkadot would not be a bad idea at current price levels…
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