I wouldn't be surprised if the 2024 Bitcoin halving becomes a massive 'disappointment' for those people with unrealistic high expectations.
Bitcoins will then flow towards large institutional investors who have lower time preferences. This will be from individual/retail investors and traders who will either fully or partially capitulate, by selling their Bitcoins on the open market. Fidelity, BlackRock, et al will scoop up the fire sale Bitcoins and add to their ever growing inventory.
The Bitcoin halving in 2028 and 2032 will be the halvings to watch. FOMO and FOLO (Fear Of Losing Out) will again be the watch words.
Remember, Bitcoin tends to do the opposite of what you expect.
I guess there is a 50% chance I'm either right or wrong...
No comments:
Post a Comment
Thank you!