Beware the predictive power of Bitcoin halvings
The fourth Bitcoin halving will occur in April 2024 Previous halvings have preceded sharp price rises There are other factors at play, however, meaning caution should be taken when assuming that halvings for predictive power Before we get to the heart of this piece, let us present a chart. It shows the Nasdaq Composite, the tech-heavy American stock index. Marked on the chart are three as-yet-unnamed events. What do you notice? These events seem to all be followed by positive periods of expansion. They are, if you have not deduced by the title of this piece, the three Bitcoin halvings that have occurred to date. You may sense where we are going with this, but it is surprising how often the timing of these halving s within a macro context is overlooked within the crypto space. Halvings mark the dates at which the block subsidy reward on the Bitcoin blockchain is halved, and occur every four years. In other word...