the bitcoin halving was today! 📈 so now what?

It finally happened! The Bitcoin Halving - the 4th in its more than 15 year history - was today.

So now what?

To contextualize things, let’s take a look at the historical data, to see what was going on during the 3 previous Bitcoin Halvings.

We can see that the lowest price during each of the previous 3 halving cycles was either the day of the halving - like today! - or the following month, as in 2016. In 2016, it was a special case, because Ethereum had technical issues at that time in the form of a DAO hack. The uncertainty caused as Ethereum took steps to address this issue rippled across the cryptocurrency sector, and Bitcoin’s price was affected.

As of this writing, here is the Bitcoin price:

And so, given the history, it stands to reason that this may be at or around the lowest price we’ll see over this Bitcoin halving cycle….until the next Bitcoin Halving happens in 2028.

What’s more - Bitcoin ETFs, or Exchange Traded Funds (essentially Bitcoin stocks) were approved in the United States in January of 2024. The resulted in big prices increases already. So much so that Bitcoin has already broken its highs 4 times this year alone - before the halving even happened.

This may indicate an especially strong market cycle, because it’s now even easier for people who have never before traded cryptocurrency to gain Bitcoin exposure.

Cheaper cryptocurrencies - any good quality project other that Bitcoin, effectively - have also tended to vastly outperform Bitcoin in previous market cycles. It’s helpful to pay attention to Bitcoin because it still has such an outsize influence on the sector, and its the best known cryptocurrency by far. But it may be (much) more profitable to you to get involved in a cryptocurrency like ETH instead.

I want people who are doing good in the world to benefit from cryptocurrency this market cycle. If that’s you, consider getting involved in cryptocurrency right around now. Though past performance doesn’t guarantee future results, there’s certainly a likelihood that it may prove to be very profitable.

-Rachel