When will Bitcoin turn from bear to bull?
đ Changpeng Zhao released the Bitcoin halving schedule on Twitter, marking the upcoming halving of the Bitcoin networkâs block reward. According to the schedule, the next Bitcoin halving is expected to occur in April 2024.
This news sparked investors' attention to the halving event, because the historical halving event is often regarded as the starting point of the Bitcoin bull market.
đ Michael Saylor believes now is the ideal time to invest in Bitcoin.
He suggested that investors extend their investment layout for 1-4 years to wait for generous returns. He believes that with the impact of Bitcoin halving on sales and demand, natural sales will be halved, and products such as Bitcoin spot ETFs will increase demand for Bitcoin.
This will cause supply to shrink and demand to increase, creating conditions for Bitcoin prices to rise. Thaler called on the crypto industry to migrate to a mature regulatory framework and work with banks and responsible custodians to promote industry development.
đ Bitcoinâs halving event is considered an important milestone because it will directly affect Bitcoinâs supply and mining rewards. The past three halving events have marked the beginning of a new bull market, but whether the halving events will lead to price increases is still controversial.
Changpeng Zhao warned investors not to expect Bitcoin to rise sharply immediately after the halving, but it is more reasonable to expect a gradual climb over the next year and multiple record highs.
đ If Bitcoin manages to break above the $36,300 level, another round of gains will occur.
It is worth noting that history cannot completely predict the future, and there is no proven direct relationship between Bitcoin halving and price increases and decreases. #BTCđ„đ„
