Why Bitcoin's Halving is Good for its Price
The process where Bitcoin’s supply is cut in half every four years, known as halving, has been a source of fascination and frustration among Bitcoin enthusiasts and traders alike. The last halving occurred on May 11, 2020, and in the year that followed, it generated a 559% increase in Bitcoin’s price. In 2016 this led to two big price rallies, one in early 2016 and another in late 2017, that saw prices go up 80% each time. Will we see another price rally next year? Will BTC’s price skyrocket after May 2024, when the next halving is expected?