GBTC - What The Upcoming Halving Might Mean For Bitcoin Prices
2024-03-21 05:35:00 ET
Summary
- Bitcoin prices rallied after each of the past three halvings, with prices rising by 559% after the most recent halving in 2020.
- There is no guarantee that Bitcoin will rally in response to its upcoming halving.
- Recent interest in Bitcoin ETFs has pushed up transaction volumes which might, along with the upcoming halving, give Bitcoin yet another lift.
Originally posted on March 19, 2024
By Erik Norland
At A Glance
- Bitcoin ( BTC-USD ) prices rallied after each of the past three halvings, with prices rising by 559% after the most recent halving in 2020.
- Despite slowing growth in the Bitcoin user network, the recent approval of Bitcoin ETFs and the upcoming halving may give Bitcoin a lift.