US President Donald Trump’s election victory isn’t the only big story driving up the value of the entire crypto market, said Jesse Myers, the co-founder of Onramp Bitcoin.
Now that the markets are going through the roof, all bullish statements about bitcoin (BTC) and other cryptocurrencies are back. But not only the crypto market is on the rise, all traditional markets are also showing many green figures.
The halving is the main reason for the current bull run
Jesse Myers says that there is more going on in the crypto market than just a push from pro-bitcoin Donald Trump. He says that the halving also plays a major role in the current price increases. He said the following: ”If you’re wondering what’s happening with Bitcoin. Yes, the incoming bitcoin-friendly Trump administration has provided a recent catalyst, but that’s not the main story here.”
Myers shared his announcement on The previous times that Bitcoin entered a bull run, this also happened about 6 months after the halving. This time the bull run took a little longer, because the market waited for the American presidential elections.
The halving is an event that takes place every four years, where the reward for mining new bitcoin blocks is halved. This means that fewer new bitcoins enter into circulation after each halving, which limits the supply and therefore puts upward pressure on the price.
Next BTC halvings
If we look at the history of bitcoin and the bitcoin halvings, it has been shown that the halving is the main catalyst for the increase in the price. In recent bitcoin cycles, such as the havlings of 2012, 2016 and 2020, we saw a significant increase after about 6 months.
Investors and analysts are increasingly looking to the halving as the most important indicator and it seems increasingly easy to predict when bitcoin will move up again. The pattern seems to be about the same every four years, with higher and higher peaks and lower troughs. However, it remains important for everyone to take market conditions or so-called ”black swan events” into account.
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Ah, the cryptocurrency market! That delightful rollercoaster where fortunes are won and lost faster than you can say “decentralized finance.” So, let’s unpack this article like it’s a mystery box on a daytime TV show, shall we?
So, according to Jesse Myers, co-founder of Onramp Bitcoin—who I assume is neither a train nor a bus—Donald Trump’s election victory is not the only factor sending crypto values skyrocketing. I mean, who knew politics could be so stratospheric? It’s like the time I invested in a banana-shaped phone case; absolutely ludicrous but worth a lot more than I’d ever anticipated.
Now, everyone’s back to being optimistic about cryptocurrencies, which, let’s be honest, is a bit like recycling a joke about your Aunt Maureen’s collection of garden gnomes. But hey, when markets are going “green,” that’s the bullish sign everyone’s hopping onto, right along with stocks and other “traditional” investments—whatever that means nowadays. Is a traditional investment still a painting of dogs playing poker? It’s a bit like bringing your high-tech drone to a dog fight just to see who emerges victorious!
But let’s dive into the juicy bit: the halving! Sounds like a fantastic menu item at a speakeasy, doesn’t it? “I’ll take the halving with a side of > HODL, please.” For those who aren’t veterans of crypto-lingo, the halving occurs every four years, where the reward for mining Bitcoin is sliced in half. It’s like a pie that gets smaller every time your aunt decides to bring dessert: fewer pieces for everyone, and the price of entry just keeps getting higher! You’d better believe this scarcity makes Bitcoin rise faster than your heart rate at a family gathering.
Jesse claims that every time previously Bitcoin experienced a bull run, it followed about six months after a halving. But this time, the bull took its sweet time, probably waiting for America to choose a reality show host as President—not that I’m bitter. But hey, if we’ve learned anything from this wild economic circus, it’s that patterns can repeat like a bad pop song on a Friday night.
Of course, amid this carnival atmosphere, we’ve got potential market disruptors—those infamous “black swan events.” You know the type: the surprise unicorn that crashes the party, leaving you wondering how you ended up watching adult cartoon marathons instead of making smart financial decisions. But moving on!
And then we have Bitvavo over there, throwing a €25 Bitcoin taco at every Dutch person. They’re practically enticing you with the sweet promise of free crypto! It’s like offering a free sample at the supermarket; who can say no? Free stuff must always come with sparkling optimism, and a gentle reminder that investing in crypto is a tad like playing poker with a room full of skeptics: sometimes you win, sometimes you run for your life while carrying the chips.
So, will the cryptocurrency rally continue? Will XRP, Ethereum, and Solana finally get their moment in the spotlight? Much like a highly anticipated sequel to a blockbuster movie that never materializes—stay tuned! You didn’t think we’d tie this all together without a cliffhanger, did you?
There you have it, folks—a wild ride through the world of crypto, politics, and a sprinkle of absurdity. Remember, whether you’re bullish, bearish, or just plain bewildered, part of the fun is joining this digital carnival. Just be sure to keep your wits about you and perhaps leave Aunt Maureen’s gnome factory out of your investments!
Good luck out there, and may your wallets be ever full—just watch out for those unexpected black swan surprises!
US President Donald Trump’s recent election victory has not only stirred political discussions but it’s also significantly impacting the surging value of the crypto market, according to Jesse Myers, the co-founder of Onramp Bitcoin.
As the cryptocurrency markets experience an unprecedented surge, optimistic sentiments surrounding Bitcoin (BTC) and various other cryptocurrencies have returned with vigor. Furthermore, the upswing isn’t limited to the crypto landscape; traditional financial markets are also displaying a plethora of positive indicators.
The halving is the primary driver of the current bull run
Jesse Myers points out that the rise in the crypto market can be attributed to more than just a pro-bitcoin stance from Donald Trump. According to him, the halving event is a major contributing factor to the current surge in prices: “If you’re wondering what’s happening with Bitcoin. Yes, the incoming bitcoin-friendly Trump administration has provided a recent catalyst, but that’s not the main story here.”
Myers elaborated on how historically, Bitcoin has entered bull runs approximately six months post-halving. This current ascension took longer than usual largely due to market participants awaiting the outcome of the American presidential elections.
The halving event, occurring every four years, entails a reduction of the reward for mining new Bitcoin blocks by half. This mechanism results in fewer new bitcoins being introduced to the market following each halving, effectively restricting supply and exerting upward pressure on prices.
Upcoming BTC halvings
The historical performance of Bitcoin during past halving events—specifically those in 2012, 2016, and 2020—demonstrates a consistent pattern of price escalation roughly six months afterward.
Investors and financial analysts are increasingly recognizing the halving as the crucial predictor for Bitcoin’s price trajectory, making it simpler to forecast potential upward movements in the cryptocurrency. As patterns have indicated, these cycles repeat every four years, resulting in progressively higher price peaks alongside mitigating dips. Nonetheless, it’s imperative for market participants to remain vigilant and consider prevailing market conditions or unexpected “black swan events.”
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What impact does the Bitcoin halving event have on market prices and investor behavior?
Mining new Bitcoin blocks by half. This mechanism inherently limits the number of new Bitcoins that can enter circulation, creating scarcity that can drive prices upward. As fewer Bitcoins are mined and made available to the market, basic economic principles of supply and demand suggest that the price should increase, provided that demand remains the same, or increases.
Looking back at Bitcoin’s history, past halving events in 2012, 2016, and 2020 have consistently been followed by significant price surges within approximately six months. This historical pattern has led many investors and analysts to view the halving as a critical milestone for predicting future price movements. Each four-year cycle has seen Bitcoin’s peaks get higher and troughs become shallower, indicating a growing maturity and acceptance of cryptocurrency in investment portfolios.
However, as exciting as it is to ride the bullish waves of Bitcoin, the market is not immune to unpredictable “black swan events.” These rare and unforeseen occurrences can lead to dramatic market shifts, underscoring the importance of maintaining a vigilant approach to trading and investing in crypto assets.
In a bid to capitalize on the current bullish sentiment, platforms like Bitvavo are incentivizing new users with promotional offers, such as the €25 free Bitcoin giveaway for every registered Dutch citizen. Such promotions add a layer of enthusiasm to the market, drawing in potential investors who might be intrigued by the prospects of cryptocurrency investing.
As investors remain keenly interested and previous patterns indicate bullish potential, the question lingers: Will cryptocurrencies like XRP, Ethereum, and Solana follow Bitcoin’s lead and carve their own paths to glory? Or will the market experience unforeseen disruptions that could throw all predictions into disarray? Only time will tell, and as the crypto narrative unfolds, all eyes are on this wild financial landscape.
So buckle up, whether you’re a seasoned trader or a curious newcomer—this crypto journey promises to be as thrilling and unpredictable as ever!
