Here’s Why the BTC Halving Was Such a Non-Event (Price Wise)

TL;DR

• The halving isn’t like a light switch that turns the bull run on/off, it’s more like a landmark — we know prices tend to run up post halving, but we don’t know exactly when.

Full Story

On Friday, the Bitcoin Halving took place — cutting the daily flow of new Bitcoin entering the market in half!

Making Bitcoin scarcer than it EVER has been before, kickstarting the start of a new bull cycle!

And…and…

And nothing really happened to Bitcoin’s price after that…in fact it stayed range bound at around $65k all weekend.

So what’s up with that?

Well, the halving isn’t like a light switch that turns the bull run on/off — it’s more like a landmark. We know prices tend to run up in the months post halving, but we don’t know exactly when — it’s just ‘some time’ after the halving.

(Typically between 1-6 months).

The good news?

So far, prices haven’t crashed — which is something that has tended to follow halvings of the past.

(It’s usually a ‘buy the rumor, sell the news’ kind of event).

Guess we’ll have to hurry up and wait 🧘