We are already halfway through this year and thus are also inching closer to the biggest event in Crypto, the Bitcoin Halving. Right now we are over 80% of our way done to the next Halving since the last one in 2020, 800k Bitcoin blocks have been mined already and at the 840th thousand block we will actually have our Halving.
It is also quite interesting how we are exactly as far away from our last black swan event that made markets crash to oblivion, the FTX collapse, as we are away from the next Bitcoin Halving. Really seems like time flies and as we are already up 100% from the lows caused due to FTX it is looking pretty bullish anyway.
Not only that, but many other bullish events or trends are also happening right now. Just as the hash rate being in a constant uptrend right now with barely any corrections, meaning that miners are also fully believing in higher prices down the road.
While all of this is indeed very bullish, you should take into consideration that the Halving event itself has historically been a bit frontloaded, hype building up to it and then we usually dump those days. But also historically there has been a bull run starting just months after it. Price up or down, each Halving just strengthens the foundation of Crypto even more.
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