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After the Halving Bitcoin Prices Have Not Skyrocketed, This Sentiment Is the Cause

Fyqieh said, another main reason why the Bitcoin halving has not caused a large price spike, is because the Fed or the US Federal Reserve has not given a strong signal for reducing interest rates.

Looking at the increase in prices after the halving in 2020, at that time the Fed had a fairly loose monetary policy with interest rates at that time relatively low.

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“Bitcoin price stagnation after the halving can be considered a natural phenomenon. Many expected a significant price increase after the halving, even though the effects of this halving were actually felt 2-4 months afterward,” said Fyqieh.

Bitcoin Opportunity to Price USD 100,000

Fyqieh estimates that the maximum price Bitcoin still has a chance of reaching by the end of this year is around USD 100,000 or around IDR 1.6 billion.

“However, this achievement also depends on market sentiment and the potential for large demand from institutions,” he explained.

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Looking back at history, the 2012 halving marked the beginning of Bitcoin's meteoric rise, pushing its price 92 times post-halving. Subsequent halving events in 2016 and 2020 saw significant increases of 30-fold and 8-fold respectively.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

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After the Halving Bitcoin Prices Have Not Skyrocketed, This Sentiment Is the Cause

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