The Bitcoin halving is unequivocally the one thing that’s expected to cause price to increase, according to the masses.
In this article, we’ll refute — with evidence — why the block reward halving is nothing more than a correlation, not causation of bull markets.
Is The Bitcoin Halving Bullish Or Bullshit?
Bitcoin price continues to meander mostly sideways for going on its sixth month. Few expect any type of movement to the upside until after the next block reward halving. The recurring event happening every four years, is scheduled for approximately April 2024.
Looking at the 1M BTCUSD price chart, it is very easy to see why, upon visual inspection, one might assume that Bitcoin rises after the halving and that it is pretty much a sure thing at this point.
Especially when you consider the idea that slashing the block reward to miners could theoretically throw off supply and demand.
Why Does The Block Reward Reduction Boost Tech Stocks?
But why then, upon that same visual ins
We współpracy z: https://bitcoinist.com/bitcoin-halving-why-correlation-equal-causation/
