Post
Topic
Board Speculation
Re: BTC price hitting 30k twice this year.
by
Lucius
on 24/06/2023, 10:33:42 UTC
How far away from the next halving are we?  It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

Approximately 300 days until the next halving, although the exact date cannot be precisely determined since halving occurs after every 210 000 blocks, and blocks are created on average every 10 minutes.

Given that halving is something that has had a big impact on the price so far, there should be no doubt that many are acting on it when it comes to investing in Bitcoin. Although from a business perspective it always makes the most sense to invest when the price of something is lowest, and all those who invest now have missed this opportunity.

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.