Don't underestimate the long-term impact of Bitcoin halving
Bitwise Asset Management pointed out that although historically, BTC's price performance has been mediocre in the month after the halving, its price increase has reached at least triple digits in the following year. For example, BTC rose 9% in the month after the 2012 halving, but in the following year, it soared 8,839%. After the 2016 halving, BTC fell 10% a month later, but rose 285% in 2017 to a peak of $20,000. Similarly, BTC rose 6% in the month after the 2020 halving, and then rose 548% in the following year. Bitwise said that although the data is limited, market prices often underestimate the long-term impact of halving.
