Replying to Avatar XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡

The last Bitcoin halving took place just over a year ago on the 19th of April, 2024.

The closing price on that day was $63,821 per BTC.

One year later, the closing price was $85,069.

Today, it's around $103,000.

Still think the halvings are irrelevant?
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Jake Woodhouse 8mo ago

Personally, I think they’re still driving the 4 year cycle vibe

Lots out there feel that might have changed

Lots also adhere to the power law theory of diminishing returns

Time will tell…

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XeqT Monetary Freedom (∞/21M) + (₿+⚡) = 🧡 8mo ago

Yeah, I agree. There's no way a 50% cut in new supply doesn't affect the price, if demand stay the same. Yes, with each halving this impact is reduced, but I think it's still relevant.