Summary
Bitcoin’s fourth mining-reward halving is coming soon, cutting new supply in half. Previous halvings led to huge rallies, but Goldman Sachs warns against relying too heavily on past cycles due to current macroeconomic differences.
Key Points
1. Bitcoin’s fourth mining-reward halving is just two days away. The event will reduce BTC’s per block emission to 3.125 BTC, cutting the pace of new supply by 50%.
2. Previous halvings preceded massive multimonth rallies in BTC, and the crypto community is confident history will repeat itself.
3. Investment banking giant Goldman Sachs cautioned its clients from reading too much into the past halving cycles, citing the differences in macroeconomic environments between previous halvings and the current high inflation, high-interest rate climate.