The Future of Bitcoin Prices: Impact of Demand Over Halving
Bitcoin Halving Influence Wanes
CryptoQuant analysts suggest that the Bitcoin halving, while reducing issuance, may not have the same impact on prices as in the past. The upcoming halving will decrease new issuance but is overshadowed by the significant demand growth from large holders.
Long-Term Holders and Price Dynamics
Large holders, including Bitcoin whales, are driving the demand upwards with a historic 11% month-over-month growth. The demand from permanent holders has also seen a surge, outpacing the monthly issuance post-halving.
- Bitcoin halving to reduce new issuance
- Increasing demand from large holders
- Shift in price dynamics towards demand
In conclusion, the future Bitcoin price surge is likely to be fueled more by demand growth from large holders rather than the traditional impact of the halving.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.