Bitcoin Halving: Opportunity or Risk?
The Bitcoin halving event, which occurs every four years, is a significant milestone in the cryptocurrency market as it directly reduces miner rewards, thereby affecting the supply of new coins. Historical data shows that after a halving, Bitcoin prices often enter a bullish cycle, as seen after the halvings in 2016 and 2020. However, the market environment has changed—institutional investor participation has increased, regulations have tightened, and macroeconomic uncertainty has risen. The trend following this halving may not simply repeat history. Investors should be wary of short-term volatility risks while also paying attention to potential opportunities arising from long-term changes in supply and demand dynamics.