Bitwise Analysts Talk About the Short and Long-Term Impact of Bitcoin Halving: “Underestimated!”

Bitcoin As the halving approaches, many analyzes and evaluations are being made regarding its impact on the price. While some expect the rise to continue after the halving, others think the halving event is over-exaggerated.

At this point, a detailed evaluation BitwiseIt came from.

Bitwise analysts, who have historically analyzed Bitcoin’s price movements after the halving, He stated that in general, the BTC price did not present a very positive picture in the month following the halving.

Although there is no immediate increase in the short term after the halving, analysts say that in the long term, that is, within a year following the halving, BTC He pointed out that the increase in price reached three digits.

“Historically, halvings have benefited the bitcoin price in the long run:

The change in Bitcoin price in the year following the halving was as follows:

2012: 8.839%
2016: 285%
2020: 548%

The change in Bitcoin price in the month following the halving was as follows.

2012: 9%
2016: -10%
2020: 6%

“Data is limited, but the chart reveals an intriguing pattern: Current market prices reflect the short-term impact of the halving but underestimate its long-term impact.”

In the short term, considering that Bitwise data is limited Bitcoin While he states that a limited and imprecise interpretation can be made for the price, he argues that the halving has a tremendous impact on the price in the long term.

Historically, the Halving Has Been Good for Bitcoin’s Price Long-Term (a Look at the Data)

The change in bitcoin’s price in the year following the halving:

2012: 8,839%
2016: 285%
2020: 548%

The change in bitcoin’s price in the month following the halving:

2012: 9%
2016: -10%… pic.twitter.com/aaXSakLfko

— Bitwise (@BitwiseInvest) April 16, 2024

*This is not investment advice.