the next Bitcoin halving is approaching
The next Bitcoin halving is on the horizon, scheduled to take place in under 50 days. This critical event, which transpires approximately every four years, profoundly influences the cryptocurrency's network and its market behavior.
Below, you will find a graph that showcases the effects observed after the previous three halvings that happen in 2012, 2016, and 2020.
Bitcoin Halvings: History of BTC prices
Currently, Bitcoin's value has reached USD $65,000, closely approaching its all-time high of $69,045 recorded on November 10, 2021. Given the current trajectory, it is anticipated that Bitcoin will surpass its all-time high before the halving event, potentially climbing to USD $100,000 post-halving.
Few stocks are related to BTC that I am holding -
1) $MicroStrategy(MSTR)$ which holds the most BTC among US listed companies.
2) $Coinbase Global, Inc.(COIN)$ which was the second largest crypto exchange.
3) $iShares Bitcoin Trust(IBIT)$ which is the Bitcoin ETF.
Modify on 2024-03-05 09:46
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Great ariticle, would you like to share it?