Bitcoin Halving 2024 Solusi Crypto Winter — Blockchain Media Indonesia

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According to research, the timing of the Bitcoin halving in 2024 will be the solution to the market that has been slow and has fallen sharply against ATH.

During the most recent crypto winter, the price of BTC and other cryptocurrencies fell sharply, trending south through 2022 and offsetting the many gains made in 2021.

BitcoinHalving2024 So I hope

Based on the Decrypt report, a research report by Hamburg-based multinational investment bank Berenberg sees that Bitcoin and other cryptocurrencies may emerge from crypto winter and return to green in the coming months.

The report considers the rise of the crypto market to be due to a combination of circumstances, development, and timing.

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Specifically, Bitcoin is the only cryptocurrency considered a commodity, rather than a security, by the United States Securities and Exchange Commission (SEC), which is what investors are currently investigating.

The report authored by Mark Palmer assesses that the rise of the leading crypto will be supported by its decentralized nature and Bitcoinhalving in 2024.

Bitcoin’s latest halving will reduce the number of coins produced from mining, making circulating supply less available and more scarce, driving up its price as it has in the past.

The latest halving will halve the Bitcoin mining reward, from 6.25 BTC to 3.125 BTC.

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Historically, Bitcoin halvings have led to a strong upward push in the price of BTC, and the report predicts a similar trend after the last halving in 2024.

Berenberg’s report also sees that Bitcoin’s 2024 halving could be a catalyst with the extension to MicroStrategy shares, the company holding the most BTC at around 140,000 BTC.

If history is any guide, we believe the price of Bitcoin could rise before and after this highly anticipated halving, with MicroStrategy stock providing a means of leverage for investors to capitalize on the event, the report says. .

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For your information, the price of Bitcoin has climbed over 65% since the start of this year, while MicroStrategy’s stock price has climbed over 120% in the same period. [st]

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