The biggest reason for optimism is Bitcoin's price performance after the previous halving events that took place in 2012, 2016, and 2020. In each case, Bitcoin skyrocketed to a much higher price, setting a new all-time high in the process. By the time the 2020 halving cycle was over, Bitcoin had soared to a then-all-time high of $69,000.
Halving Event
Bitcoin Price at Halving
Bitcoin Price
300 Days Later
2012
Near $12
$135
2016
Near $650
Near $1,550
2020
Near $8,600
Over $50,000
2024
Near $64,000
???
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