The article talks about something called "Bitcoin halving". It's when the number of new bitcoins made gets cut in half, which makes it harder to get them. This happened before and after a big event called ETF approval, which lets people trade bitcoins more easily. The article says that some experts think that after this halving, the price of bitcoin might go down to $34,000 because of how prices usually change during these events. But other people are still very hopeful and believe that bitcoin will keep growing and become worth a lot more money in the future. Read from source...
- The title of the article is misleading and sensationalist, as it implies that the bitcoin halving and spot bitcoin ETF approval are the next major catalysts for BTC price growth, while ignoring other possible factors such as market sentiment, regulatory environment, technological innovation, etc.
- The article relies heavily on historical patterns and averages, which may not apply to the current or future scenarios, especially in the rapidly evolving and unpredictable crypto market. For example, the author cites Pentoshi's prediction of a "blow off top" in 2025, but does not provide any evidence or reasoning for this claim, nor considers alternative scenarios such as a prolonged bear market or a different halving cycle.
- The article also uses vague and subjective terms such as "alt blow off top", "boomers will embrace it", "all-time high in mainstream recognition", etc., which do not convey any meaningful information or insight for the readers, but rather appeal to their emotions and biases.
- The article does not provide any clear or objective analysis of the current market conditions, such as the supply and demand dynamics, the impact of the halving on miners' revenues and incentives, the challenges and opportunities for institutional adoption, etc., but rather focuses on speculating about the future trends and price movements.
- The article ends with a quote from Titan of Crypto, who makes a questionable assumption that the historical pattern of price declines after each halving will continue, without considering any possible changes or deviations in the future, such as different halving cycles, network effects, regulatory interventions, etc.
- The article lacks credibility and authority, as it does not cite any reliable or verifiable sources, nor provides any data or evidence to support its claims or arguments. It also fails to disclose any potential conflicts of interest or biases that may influence its perspective or judgment on the topic.