Novogratz's Galaxy Digital explains what's so special about the Bitcoin halving

In a recently published market commentary, Galaxy Digital, a cryptocurrency group led by billionaire Mike Novogratz, noted that the upcoming Bitcoin halving event is different from previous ones.
In previous cycles, Bitcoin would break its all-time high after the halving. This time, however, this is not the case.
The world's largest cryptocurrency hit its current all-time high of $73,737 on March 14. Now, just eight days before the halving event, it's down 5.9% from its peak.
On April 19, the amount of new coins miners earn will be halved from 6.25 BTC to 3.125 BTC.
The last halving event occurred on May 11, 2020. At the time, the largest cryptocurrency was trading at around $9,000. It wasn't until November 2021 that the leading cryptocurrency reached the peak of its last bull cycle, when the price hit $69,000.
This time, however, the market dynamics could be different due to the successful listing of Bitcoin exchange-traded funds (ETFs) in January. According to Coinbase, these products create "new demand anchors."
Of course, the sample that was previously halved was too small to make accurate predictions. However, many industry leaders believe that Bitcoin can also hit new highs this time.
According to USA Today, Ripple CEO Brad Garlinghouse recently predicted that the price of Bitcoin could reach $5 trillion this year. #迈克·诺沃格拉茨 Bitcoin News #比特币减半

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