Why Bitcoin’s Next ‘Halving’ May Not Pump the Price Like Last Time

[MUGNIA]

Whether you call it the “halving” or the “halvening,” one of the few things we can be sure of in crypto is that the conversation around bitcoin’s upcoming reduction in mining reward will intensify over the next six months.

Why? Because previous halvings have triggered bull runs. And who doesn’t like a bull run?

Many are convinced that the next halving will have the same market effect, and it’s not just a belief that history repeats itself – models have emerged to support this theory.

But if the bull run is expected, why hasn’t it already happened? Why isn’t the halving already priced in?

Because the halving is much more than an event – it is also a narrative, and an uncertain one at that.


more : https://www.coindesk.com/why-bitcoins-next-halving-may-not-pump-the-price-like-last-time

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