Rikke Staer noted that the reaction to the halving will not be immediate among traders and investors, and will take several months, which will become an obstacle to the Bitcoin rally. According to her, the influx of the first cryptocurrency to exchanges from miners will exceed the volume of issued purchase orders and will lead to a decrease in the price of BTC.
“Equipment owners will be forced to sell existing coin reserves to cover operating costs,” predicts a top manager at Coinify.
Stier emphasized that a negative feedback loop could form when the fall in the value of Bitcoin forces miners to sell even more, and this will exacerbate the fall in the value of digital gold. She also noted that the main growth after halving begins in 6-18 months, and significant changes in value are less likely as the capitalization of the cryptocurrency market increases.
Previously, Google Trends data showed that the number of search queries about Bitcoin halving is growing, and has already reached a historical record.
Source: Bits
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