TL;DR
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The halving isn’t like a light switch that turns the bull run on/off, it’s more like a landmark — we know prices tend to run up post halving, but we don’t know exactly when.
Full Story
On Friday, the Bitcoin Halving took place — cutting the daily flow of new Bitcoin entering the market in half!
Making Bitcoin scarcer than it EVER has been before, kickstarting the start of a new bull cycle!
And…and…
And nothing really happened to Bitcoin’s price after that…in fact it stayed range bound at around $65k all weekend.
So what’s up with that?
Well, the halving isn’t like a light switch that turns the bull run on/off — it’s more like a landmark. We know prices tend to run up in the months post halving, but we don’t know exactly when — it’s just ‘some time’ after the halving.
(Typically between 1-6 months).
The good news?
So far, prices haven’t crashed — which is something that has tended to follow halvings of the past.
(It’s usually a ‘buy the rumor, sell the news’ kind of event).
Guess we’ll have to hurry up and wait 🧘
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