https://x.com/dotkrueger/status/1773508019156119975?s=20 hot take.

Is the halving affecting price meaningfully a psyop? Just another thing ops parrot?

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Discussion

I mean… litecoin’s halving doesn’t matter because litecoin doesn’t matter.

I think the Bitcoin halvings matter, but they won’t likely be as predictive as we’ve wanted them to be. We like crystal balls.

Too many baby hands selling the news in the past

At halving, miners sell to compensate reduced profitability: bearish

Then halving can matter again at the heights, when supply is dry: bullish

Again, if/when a deep bear market follows the peak, and demand is dry, then, it matters also: support