Bitcoin halving dates

Some experts argue that there are other factors that will push up the price of bitcoin this time around, halving or no halving. The fact there is an increasing adoption of bitcoin, for example. And that traders are speculating more on bitcoin. When is the next bitcoin halving "All else equal, the halving will cut industry revenues in half, triggering a wave of consolidation and business closures, while (hopefully) rationalizing the network hashrate and industry capex, which is ultimately good for the remaining operators," JPMorgan analyst Reginald Smith said in a recent note to investors.

But correlation does not imply causation, especially with such a small sample size. First, it’s possible that the timing of these rises was purely coincidental. It’s also possible that bitcoin’s rise has less to do with the actual mechanics of the halvings as opposed to the halvings’ narratives. With each halving, excitement grows about bitcoin’s potential, leading more people to buy in. That increase in demand causes the price to increase, which causes even more interest in a self-reinforcing cycle.  The Bitcoin Halving Is Upon Us The percentage of Bitcoin held by long-term investors (more than 3 years) has shown consistent growth after each halving. Approximately one year after the first halving, the share of Bitcoin held for long-term investors increased by about 73%. The period following the second and third halvings showed modest increases, continuing an overall upward trend.

A similar phenomenon was observed in the run-up to the last halving four years ago, and history appears to be repeating itself. UK EditionChange Bitcoin has already hit a new record high, before the halving has taken place. That's because the approval of spot bitcoin exchange-trade funds has excited the market and brought in lots of demand for the cryptocurrency.

“If the economic theory holds true, which historically for bitcoin it has, bitcoin prices should increase dramatically in response to the supply shock,” she says. “Although, there is still debate on whether the historical price movement around each halving was a direct product of the halving.” How can investors approach Bitcoin around halving events? The halving events decrease the supply of new BTC entering the market. This reduction in new BTC is expected to drive up price, following the basic principles of supply and demand.