Contrary to the general belief circulating in the crypto community, Bitcoin Stock-to-Flow (S2F) model creator and analyst PlanB thinks this halving will not be different from previous events.
According to a tweet, PlanB insists that Bitcoin’s price increases will again be around the halving.
This Halving Will Not be Different
Over the past weeks, several analysts and members of the crypto community have expressed uncertainty about the effect the upcoming halving event would have on Bitcoin (BTC) and its value. This uncertainty stems from BTC reaching an all-time high a month before the halving.
In previous cycles, Bitcoin’s all-time highs usually come after the halving as BTC supply and production rate slows down due to the event slashing miners block rewards by 50%. However, high demand for the United States spot Bitcoin exchange-traded funds (ETFs) launched in January pushed BTC past its November 2021 high of $69,000 to a new peak of $73,700 in mid-March.
At this point, it remain
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