expected to take place in April Bitcoin With very little time left until the halving, a new report came from Coinbase.
According to Coindesk, Coinbase, the largest cryptocurrency exchange in the USA, stated in its report that it expects Bitcoin’s strong performance to continue until the halving.
Referring to historical data at this point, Coinbase said that the data shows that Bitcoin’s recent strong performance will continue during and after the upcoming halving.
While Coinbase stated that the decrease in BTC supply after the halving was effective in this rise, it stated that investors should be careful about these historical data.
Coinbase stated that Bitcoin increased by an average of 61% in the six months before the previous halvings, and increased by an average of 348% in the following six months, and wrote:
” Although historical data shows that Bitcoin will rise before and after the halving, investors should be careful.
“While halving may have a positive impact on Bitcoin’s performance, there is still limited historical evidence on this correlation, making it somewhat speculative.”
Coinbase stated that not only the halving but also non-crypto effects such as macro factors are important for Bitcoin. Because in the Coinbase report “Much of Bitcoin’s outperformance since the previous halving in May 2020 occurred in an environment of extraordinarily loose monetary policy and historically strong fiscal stimulus in response to the Covid-19 pandemic.” said.
Finally, in the Coinbase report, it was stated that the FED is expected to start its first interest rate cut in May, and that this expectation and interest rate cut Bitcoin It was stated that it was positive for risky assets such as
*This is not investment advice.
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