The Bitcoin Halving occurs in approximately 10 days.

I do not expect its price to spike up extremely fast. However, it may be in a uptrend for the next 1 year and I do think that it will eventually break its all time high of 20k based on previous halving events.


About a month ago, its price crashed along all other asset classes including Gold, Stocks, Commodities.

It is unfortunate that the price of it correlates similarly to the DowJones at that point of time. However, as of last week, the decoupling may have happened.

The difference between the US market and BTC was that there was no support from the US Federal Reserve to print in trillions of dollars into the financial market. No stimulus was used for BTC to rebound. No single entity or government controls it.

Eventually in future, I assume that we will be using new digital currencies created by the government. Ie ( Digital Yuan/ Digital USD/ Digital RM) but imagine the consequences of that.

Therefore, looking forward to the beginning of a new bull run in 10 days!

Raymond

Greentrades

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