Do you think that with the lower inflation rate and upcoming halving Bitcoin can finally be put side by side with Gold?
That's a long journey from here as we stand today with this price. BTC will need more time to get to a decent position again. Halving will help a lot to achieve that, but I won't totally keep faith to that. We won't have to wait that long, I believe that BTC can grow even without the halving. In this year, there's a chance for BTC to go up a little bit. And then in 2024, we can for sure see BTC will have a bullish market.
I don't know why speculators are placing much emphasis on bitcoin halving as it will take almost a year for that to happen since halving will occur somewhere around the middle of 2023, and we are not sure of when the price of bitcoin will increase after the halving which is what many speculators are anticipating.
But they forget the fact that Bitcoin is a highly volatile commodity and that its price could skyrocket before the next Bitcoin halves.