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RE: LeoThread 2024-07-28 23:48

in LeoFinance • 8 months ago

1/🧵 The reduction in new Bitcoin supply often results in increased demand and higher prices. With 100 days passed since the latest halving, we're entering a period known for substantial price action. Keep an eye on the market! #threadstorm #inleo #leofinance #cent

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2/🧵 The halving event's impact on Bitcoin is driven by its effect on supply and demand. By cutting the miner reward, the influx of new Bitcoins slows, which often leads to price increases as scarcity drives demand. Studies show that Bitcoin's price performance typically surges significantly after 100 days post-halving, making this a critical time for investors and traders.

3/🧵 While past halvings have led to major price rallies, history doesn't guarantee future performance. However, with increasing adoption and institutional interest in Bitcoin, the fundamentals suggest a strong potential for growth. The next few months could be crucial for Bitcoin's price action.

https://inleo.io/@thedreamer01/is-the-bitcoin-halving-effect-a-recipe-for-price-surge-6fd