The Bitcoin halving event occurred for the fourth time in its history in April 2024, meaning that the reward miners receive for each block mined will decrease from 6.25 BTC to 3.125 BTC. This periodic phenomenon has been a focal point in the cryptocurrency market, directly impacting the dynamics of Bitcoin supply.
Looking back, Bitcoin prices have seen a significant increase of over 1000% in the 12 months following the three previous halving events. This historical pattern has made many investors and analysts excited about the upcoming halving, believing it could once again lead to the beginning of a strong upward wave.
However, market participants need to exercise caution. Miners may increase their selling of Bitcoin in the short term to sustain their operations, which could exert certain pressure on the market. Moreover, the current macroeconomic environment differs from the past, as global economic uncertainty, changing regulatory stances, and other factors may impact Bitcoin's performance.
For investors interested in participating in this potential opportunity, in addition to buying Bitcoin directly, they could also consider the performance of Bitcoin mining company stocks, as well as the inflows into emerging Bitcoin ETF products. These may become important indicators for assessing market sentiment and money trends.
