Post
Topic
Board Speculation
Re: Will Bitcoin have a price increase before the halving like we saw in 2016?
by
cr1776
on 07/01/2020, 23:27:14 UTC
In 2016 the halving was early July.  Depending on the exchange, the price was as follows:

May 1, 2016 $453
June 1, 2016 $536
July 1, 2016 just before the halving $677

The price increased about 50% from May 1 to July 1 just before the halving event.

Should we expect something similar this time?

Expect, no. Possible and likely, yes.

Looking at the price 6 months before halvings and 12 months after has resulted in large fiat gains. Betting against it is a bad idea.

This year after the halving, there are more uses, more people aware of those uses, and a much smaller new supply as compared to the previous halvings. So more demand, less supply leads one to think it is likely the price will increase.