Bitcoin Halving Price Prediction:
Having it itself is a supply shock, you know that the supply of new Bitcoins introduced, on the market decreases every time we have what we see, it is also a demand shock.
With the next Bitcoin taking place in less than 30 days, with the introduction of 10 combined Bitcoin spot ETFs, at the institutional request of Bitcoin spot ETFs, all the inflows that are associated with this.
This kind of aggressive purchase of Bitcoin from institutions like Black Rock is something that we have never seen before, it is an atypical configuration that we are creating.
Bitcoin having where you have all-time highs, which Bitcoin and the crypto market cap are trying to get back to, but Bitcoin has already hit what it set up to make it different maybe, in the price action that we could see how high Bitcoin could go after based on the story.
Today we will talk about altcoins, so historically, havs have kind of become a focal point in advance, because of the way they reduce the amount of new supply, and this has an impact on the price due to the dynamics of supply, and demand looking at previous havs.
There is usually a bull market, an extended bull market after having it, no matter what happens before you know it in advance, investors try to set the price, or speculate on the impact of having it.
But after that happens, it’s like starting a buyback program for a stock, you know that investors may have opinions about it in advance, but once the program starts, the company buys back its own shares every day, and that has an impact on the market and likewise with having it, it will certainly have an impact.
So Bitcoin is not taken into account, it will certainly have an impact on the price, and even if Bitcoin has a price we know why this is happening, we are monitoring the grayscale outputs.
And besides, there is not much left for them, the net outflows of Bitcoin over the past 4 days total 1.8 billion, while the inflows of black rocks and other funds, have been unable to compensate them.
In fact, we have only had two red weeks on the existence of all Bitcoin ETFs, and since the grayscale sellers are slowly being exhausted, while the Black Rock buyers for the most part have not even started yet, you know, many of these ETFs have not even really started marketing their products, for wealth advisors you have very few wealth advisors, who actually recommend it to their clients.
So we haven’t seen the real type of flows from alternative assets yet, and you just know that retirement accounts, pension accounts in Bitcoin will most likely come later, this year at the beginning of next year, so how high will the price of Bitcoin go.
And again just to explain why Bitcoin crashed political insider Anthony scaramucci first talks about Bitcoin, and then explains how we always knew that grayscale was always going to have to sell, and that you had it coming and so at some point late Call it around April 20 or April 22, you will halve the supply of new Bitcoins entering the market.
You will start spitting out 450 Bitcoins a day, and if you have this pace of demand that should push the price up a lot, but remember that I would never have had this gray scale, would have been halved two months after the approval of the Bitcoin ETF.
So what do you think is behind this, right now because it’s I think it’s a combination of things.
I think the bankruptcy trustees at places like celus at places like FTX Genesis, we could all name them are flooding the market with their gbtc, and they are just trying to get a price above 60.
So they’re flooding the market, is that what you’ve heard that FTX, and I think FTX is already out, I think they sold out a few weeks ago, but these other guys are still selling.
So understanding where the price of Bitcoin could go first, looking at past cycles and understanding a year before versus a year after Bitcoin, we still see a rally in this event.
We have rallied more than 400%, more than 100%, more than 76%, in the last three, tells us to expect diminishing returns as any asset gets bigger.
The volatility will subside, but it’s interesting because a year before that, it’s actually more than a month old, which means that 50%, is now obsolete for that, we have already seen an increase of more than 140%, of this asset compared to the previous year.
What we are seeing unfold is also a demand shock that validates both the offer, and the demand shock telling us that this time could be different, but after having it for a year without considering us, we could have a potential sale.
The weeks that directly follow the purchase of the rumor sell, the news very normal, but zooming in a year, we have seen an increase of more than 700%, an increase of more than 280%, and more 400%, increase the last credit, and if we were to assume that we will see decreasing returns again, and maybe this time only an increase of 200%.
That would put the Bitcoin price a year over 200% from where we are today, March April 200% 200% at a high of over $190,000 per coin again, that assumes diminishing returns, that assumes this time is no different, although in some ways this time is different.
But we have also never reached an all-time high before Bitcoin, and so now we have broken this rule and therefore at an all-time high, to enter a moment where the supply is going to be cut in half, I think people were like oh it could be different, that’s right, this could be an atypical event that we should anticipate.
So I think it just means that we are in uncharted territory now, of course, people who hold Bitcoin are going to look at this with optimism, and to say that means that the price is going to go even higher than we thought it would.
Another way of looking at it, it’s just that if we’re in Uncharted Territory, everything could happen correctly, and so you know that one of the scenarios that people don’t talk about, is maybe we’re just going sideways for a long time and that would be a little annoying.
So I don’t know what’s going to happen, but I think, again, the Beauty and Simplicity of Bitcoin, is that it’s the full expression of the kind of your economics 101 course, and therefore an investor’s seat, you’re like wait a second if there’s more demand than supply.
The price will continue to rise it is an ongoing story.
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