The truth about the bitcoin halving
Dear Reader, In today's crypto trading briefing… [+] The truth about the bitcoin halving [+] Watch out for fake "guru" predictions [+] Where to find fast short term gains ========== As the bitcoin halving closes in… There is no shortage of articles on what this could mean for crypto investors. The implication is that the event will drive crypto prices off the charts and everyone will get rich and happy. (As if.) Here's a more tempered look at reality… Yes… it's true. Every time the halving has happened, bitcoin eventually took off. The first time the halving took place (on November 28, 2012) bitcoin went from around $12 to almost $1,000… one year later. The second halving took place on July 9, 2016. Bitcoin was sitting at $670 a satoshi. It took a year-and-a-half AFTER the halving for bitcoin to reach an all-time high of about $19,700 in December 2017. The most recent halving took place in May 2020. Bitcoin's price hovered at $8,787. Ris...