24/04/2024
BTC halved last Friday without significant jump in price like the past 3 halving. Although many investors are looking forward with a bullish gains after halving. But based on historical halving events, BTC price was not directly boosted by halving. It is more of market expectation & monetary policy changes.
Example:
2021 was due to funds flooding in the financial market from central banks to save the economy during pandemic. ( Also some social media influenced the crypto market such as dodge coin)
2017 BTC rise COULD be China tightening on fund outflow to oversea. Causing Chinese to shift their fund transfer into BTC as it is difficult to trace the transaction. Meanwhile in the late 2017, BTC futures contract was approved & tradable on CBOE boosted the BTC to peak in the late 2017.
We know very little about BTC during 2013, so we can't comment much about it.
Find out more about our view in BTC in the link below:
https://roundnsurge.com/news/the-history-of-btc-surge-after-halving