Empire Does The Bitcoin Halving Still Matter? | 1000x
Apr 18, 2024
This podcast delves into the current state of crypto post-flash crash, questioning if the 2024 halving will drive bullish momentum. Topics cover promising crypto use cases like Ondo, Hyperliquid & Ethena. Insightful discussions on Bitcoin struggles, meme coin strategy, and the impact of geopolitical tensions on market dynamics.
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Bitcoin Halving's Huge Supply Impact
- Bitcoin's halving reduces miner supply by half, similar to cutting global oil production by 50%.
- This supply shock historically leads to significant rallies but may already be priced in.
Halving Effects May Be Front-Run
- The Bitcoin halving is the most telegraphed event, so its impact might be front-run by the market.
- Supply reduction alone won't drive price unless inflows into the asset class continue, which currently seem stalled.
Halving Drives Attention, Not Price
- The Bitcoin halving mainly brings attention to Bitcoin and related ecosystems rather than triggering immediate price spikes.
- Bitcoin NFTs and projects may see increased interest around the halving but are short-term plays.