Here’s why simulations of Bitcoin’s post-halving price may disappoint investors
BTC $6877 (-0.4%) • ETH $172 (-0.5%) • XRP $0.18 (+0.1%)
Bitcoin’s upcoming mining rewards halving has been looked upon as a potentially bullish catalyst for the cryptocurrency for years, with many investors predicting that the impact it has on its miner dynamics will help boost BTC’s price.
It is important to note, however, that there are some problems with this notion, and a recent report from a crypto hedge fund suggests that bullish halving narratives are underpinned by false assumptions.
Now, a statistical model that has accounted for a plethora of post-halving pricing possibilities seems to support this theory, with only a small minority of simulations accounting in any highly bullish price action in the time directly following the event.
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