Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-

[sirty143]

Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-Term Impact

Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,”... See more for yourself here.

Your opinion is greatly appreciated.

[Don Pedro Dinero]

That it is a 'sell the news' event I don't think, although I wouldn't be surprised to see some retail investors fleeced if the price drops soon after halving.

I generally agree with the rest of what the article says, especially the following:

that “we have limited data” with only three historical examples

Of halvings, and cycles.

But with the limited data we have and by logic, as halvings lead to a reduction in the supply of new bitcoins and the demand for bitcoin tends to grow over time, it is logical that in the long term the price will continue to rise.

[TomPluz]

With the halving already occurred, there is no significant move in the price of Bitcoin so it means it can be considered already as "sell the news" event emphasizing that in the short-term we can not expect dramatic movement upwards for BTC but looking at it in the long-term lens the sentiment is very much positive for Bitcoin. Now, that means we can expect BTC to be back at the shattered ATH record within weeks and then if the market will agree it can go beyond the $100K within 2024. The idea here is that it is time to HOD Bitcoin and never to sell unless one is in an emergency situation. The market will eventually rise as time goes on so we don't have to be distracted by its current rate, just like in the past.

[Don Pedro Dinero]

With the halving already occurred, there is no significant move in the price of Bitcoin so it means it can be considered already as "sell the news" event emphasizing that in the short-term we can not expect dramatic movement upwards for BTC but looking at it in the long-term lens the sentiment is very much positive for Bitcoin.

Well, in my opinion to be a 'sell the news' event the price should have gone down or at least should do so in the near future. Something like what happened shortly after the official approval of bitcoin ETFs in the USA. That the price remains more or less the same does not tell us anything in this sense. But I agree that looking long term the sentiment is positive for bitcoin.