![Continuing to Stockpile Bitcoin, MicroStrategy Has the Potential to Gain](https://todaysgist.com/wp-content/uploads/2024/03/Continuing-to-Stockpile-Bitcoin-MicroStrategy-Has-the-Potential-to-Gain.jpeg)
After the Halving Bitcoin Prices Have Not Skyrocketed, This Sentiment Is the Cause
Follow Us @
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.
“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.
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.
After the Halving Bitcoin Prices Have Not Skyrocketed, This Sentiment Is the Cause
Follow TODAYSGIST on Google News and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
#Halving #Bitcoin #Prices #Skyrocketed #Sentiment
-
usa today entertainment3 months ago
Red Eye (TV series 2024) Download Mp4 ▷ Todaysgist
-
Cryptocurrency3 months ago
Perpetrator Laundering Money Using Crypto Worth IDR 3.7 Trillion Caught in Hong Kong
-
usa today entertainment3 months ago
Luxe Listings Toronto (TV series) Download Mp4 ▷ Todaysgist
-
usa today entertainment3 months ago
HYBE Confirms There Was an Attempted Rebellion at ADOR, Says Gibah Min Hee Jin with Other Agency Officials
-
Cryptocurrency3 months ago
Today's Crypto Prices 30 April 2024: Bitcoin CS is on fire again
-
usa today entertainment3 months ago
Brigands The Quest For Gold (2024) (Italian) (TV series) Download Mp4 ▷ Todaysgist
-
Sports3 months ago
The schedule for the rematch against Udinese is not favorable for AS Roma
-
Horoscope3 months ago
check out today’s forecast (04/26) for your sign – Cities on the Net