While historical halving events have led to explosive price rallies for Bitcoin, some analysts, like Charles Edwards of Capriole Investments, believe the next event in 2024 may not have the same impact. Edwards argues that Bitcoin's already low inflation rate makes it the hardest asset and less susceptible to major price swings.
halving cycles have been followed by BTC’s price rally ing explosively. This phenomenon has made most cycle analysts and the overall market expect a parabolic price rally after every event.
In 2013, for instance, BTC saw 555x returns, while in 2017, investors saw 104x gains. After the 2020 halving, it posted another 21x returns. And, the trend is expected to repeat after 2024’s event.However, Charles Edwards, founder of crypto VC firm Capriole Investments, believes this might be the last halving event that drives a parabolic BTC rally. Hethat the next halving cycle won’t impact BTC because it’s already the hardest asset, with a very low inflation rate below gold.
Edwards acknowledged though that the current cycle is not yet priced amid potential nation-state adoption. However, he noted that the halving cycles will be irrelevant by 2028.
Bitcoin Halving Price Rally Charles Edwards Capriole Investments
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