Billionaire Mike Novogratz‘s firm Galaxy Digital has released some thoughts about the coming Bitcoin halving event. The firm identifies a shift from historic patterns. Generally, Bitcoin would break its earlier highs after a halving. However, this trend has changed. Galaxy Digital analyses the way the Bitcoin halving event is altering.
Galaxy Digital Notes Shift in Bitcoin Halving Trend
Galaxy Digital highlights that, unlike previous cycles, Bitcoin didn’t reach an all-time high following the latest halving. Bitcoin hit $73,737 on March 14, just before the forthcoming halving, when miners ‘rewards fell from 6.25 BTC to 3.125 BTC. That is now 5.9% lower—8 days prior to the halving. This particular circumstance contrasts sharply with the post-halving surges of the past.
On the morning of halving on 11 May 2020, Bitcoin had been trading at about $9,000. It reached a high of $69,000 in November 2021, the conclusion of the previous bear market. Galaxy Digital thinks the January laun
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