To The Moon

[Cool] Hi Tigers,

Bitcoin halving expected this Friday! 🆒 It's Bitcoin's fourth halving event since its inception![Allin]

This milestone is undoubtedly the recent headline in the cryptocurrency world! [666]

Market expects huge impact on Bitcoin price, possibly leading to a bull market![YoYo]

How will the Bitcoin halving affect the price trend of Bitcoin? Let's first look at history.

Looking back, every time the halving cycle arrives, the price of Bitcoin has experienced significant increases, bringing lucrative returns for investors.

Source: Wallstreet Journal

From the chart, we can clearly observe the following data:

• In 2012, Bitcoin experienced its first halving. Subsequently, its price surged from $12 to $1156, a staggering increase of 9375%, which lasted for about a year.

• By 2016, Bitcoin saw its second halving. This time, its price jumped from $660 to around $20,000, taking approximately a year and a half, with an increase of 2915%.

• Then, in 2020, the third halving event occurred. Bitcoin's price started at $8755 and quickly rose to a high of around $65,000. This upward cycle also took about a year, with a surge of 742%.

However, many analysts believe that this year's halving may bring about more complex moves.

This is because the halving event is occurring shortly after Bitcoin has reached historic highs, which is unprecedented. Additionally, the price trend of Bitcoin is influenced by various other factors.

• For example, the recent hints from the Federal Reserve about interest rate cuts in 2024 may inject new vitality into the cryptocurrency market.

• Furthermore, the introduction of Bitcoin spot ETF earlier this year has introduced new variables to the price trend of Bitcoin.

Therefore, before and after the halving, it's important for everyone to closely monitor different type of crypto assets, below are some reminders for readers who has in pocket.

• $Coinbase Global, Inc.(COIN)$ $MicroStrategy(MSTR)$ $Iris Energy Ltd(IREN)$

• $Bitfarms Ltd.(BITF)$ $Cipher Mining Inc.(CIFR)$ $Grayscale Bitcoin Trust(GBTC)$ $iShares Bitcoin Trust(IBIT)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$

• $ProShares Bitcoin Strategy ETF(BITO)$ $2X BITCOIN STRATEGY ETF(BITX)$ $Roundhill Bitcoin Covered Call Strategy ETF(YBTC)$

Risk Warning:

Bitcoin ETFs offer diverse investment strategies and risk management tools, with potential differences beyond management fees. Bitcoin's volatility means it can bring substantial returns or significant losses, despite past price surges. Investors should assess risks carefully and make informed decisions.

💡 Share your views to win prizes

Do you think a bull market will come after the Bitcoin halving? Which Bitcoin-related ETFs and stock holdings have you invested in? [Thinking]

🎁 Comment to receive the following prizes:

• 🐯 All valid comments on the following post will receive 5 Tiger Coins.

• 🐯 The first 10 and last 10 little tigers with qualified comments will receive an additional 10 Tiger Coins.

• 🐯 The top 5 most popular and high-quality comments will receive an additional 15 Tiger Coins.