Monday, January 11, 2021

Why is this bull run happening a year early? Is this just accumulation happening for the actual halving? Or am I confused?

If you look at this chart:

https://messari.io/chart

There was a bull run starting around November 2013 and then November 2017 and you'd expect the next one to be November 2021.

Apparently, Bitcoin goes through halving ever 4 years:

Bitcoin halving is an event where the block reward for mining new bitcoin is halved, meaning that bitcoin miners will receive 50% less bitcoin for every transaction they verify. BTC halving occurs every 210,000 blocks, which equates to a halving occurring approximately every 4 years.

I wish I would have known that before because it's a no brainer that less supply increases value.

But why is this bull run starting (almost) a year early? Is this just accumulation by the big $$ to prepare for the halving later this November?


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