Post
Topic
Board Speculation
Re: Satoshi forces the price of bitcoin to continue to rise over time
by
Alone055
on 12/04/2024, 12:14:02 UTC
Halving is a way for satoshis to force the price of bitcoin to continue to rise over time.

There is no forcing in it, the halving, in general, has nothing to do with the price of Bitcoin, it is just that the Bitcoins that come in circulation will reduce after it, and the reason why its price goes up after each halving is that people buy more of it thinking that the price will go up, so it goes up because of that.

this weakness no longer applies because Bitcoin always has a new ATH at every halving phase that occurs.

There is absolutely no guarantee for that to happen. We think that Bitcoin will have a new all-time high after each cycle but this is just based on what we have seen in the history of Bitcoin, things can be different in the future, maybe Bitcoin will reach a price point and then drop after it and doesn't manage to go above that point next time.