Integrated Ventures Inc (INTV)

[patriotcat2002]

Prices don’t suddenly go parabolic the moment the block reward gets cut in half. Such a fundamental structural change on the blockchain network appears to exert its influence over weeks and months, not hours or days.

First Mover pointed out a few days ago that immediate market impact of the 2012 and 2016 halvings proved marginal, with prices sliding 0.5% and 2.3%. Zooming out, bitcoin was up 80-fold a year after the first halving; it climbed 30-fold a year and a half after the second halving, reaching an all-time high of $20,000 in December 2017.

So what’s the long-term effect of the 2020 halving? If history’s any guide, bitcoin’s got some soaring ahead.