Halving Hype Debunked: Binance Founder Says Don’t Fall for This Bitcoin Myth

The air crackles with anticipation as the Bitcoin network hurtles towards its fourth halving event, expected within the next few hours.– All bitcoin price increase will again be around the halving
– Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold
– BTC > $100k in 2024
– BTC top > $300k in 2025 pic.twitter.com/lCZjnuoYMO

— PlanB (@100trillionUSD) April 17, 2024

Ramani Ramachandran, CEO of Router Protocol, predicts significant institutional demand during this halving, potentially surpassing previous retail demand. The convergence of these two forces promises an intriguing spectacle to observe.

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Others, like Kadan Stadelmann, CTO of Komodo Platform, take a more nuanced approach. While acknowledging historical trends, Stadelmann emphasizes the growing involvement of institutional investors as a potential factor influencing future price hikes.

Early Signs Of A Price Surge?

The market seems to be whispering its own predictions. In the 24 hours leading up to the halving, Bitcoin’s price has already climbed by nearly 5%. This could be a knee-jerk reaction by investors anticipating future scarcity or a sign of renewed confidence in the world’s leading cryptocurrency.

Meanwhile, a recent survey of institutional investors and wealth managers revealed that 69% anticipate increased investment in Bitcoin due to the halving, while only 2% predict a reduction in investment.

The Bitcoin halving marks a significant event in the cryptocurrency’s history, and its long-term impact will be a topic of debate for months, if not years, to come.

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Featured image from Pexels, chart from TradingView

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Author: Christian Encila

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