Bitcoin halvings have correlated with massive surges in Bitcoin's price.
The first halving, which occurred on Nov. 28, 2012, saw an increase from $12 to $1,207 on Nov. 28, 2013.
The second Bitcoin halving occurred on July 9, 2016. The price at that halving was $647, and by Dec. 15, 2017, a bitcoin's price had soared to $19,345.
The most recent halving occurred on May 11, 2020. On that date, a bitcoin's price was $8,821. On April 12, 2021, bitcoin's price soared to $63,558 a 651% increase from its pre-halving price.
The next Bitcoin Halving is going to be around March 25, 2024.
Bitcoin Halving and the massive price spikes. Every time Bitcoin has halved 6 months to a year later the price has surged considerably. We are talking 600% or higher! So what does this all mean well six months to a year after the next halving in May of 2024 so around Nov 2024 - May 2025 we should see another massive price spike. So let’s say Bitcoin at time of halving is 75k. 6 months to a year after the halving Bitcoin should each a price of around 375k -$450k.
All I can say is keep loading your bags because a few years from know you will be very happy!
Have a great morning!
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