Summary
TLDR: Previous hyped events in the crypto market, such as Elon Musk on SNL, the Ethereum merge, Super Bowl ads, and Bitcoin ETF approval, have shown that the market sentiment leading up to these events often results in a “buy the rumor, sell the news” scenario. While some events have led to short-term price increases, long-term outcomes have varied. Looking back at previous Bitcoin halvings, history shows that price gains are usually followed by significant drops, leading to a crypto winter. Each scenario is unique, and the question of whether an event is priced in is complex and unpredictable.
Key Points
1. Bitcoin halvings have historically led to significant price increases, with the price of Bitcoin climbing significantly in the years following each halving event.
2. The impact of major events on the crypto market, such as Elon Musk’s appearance on SNL, the Ethereum merge, Super Bowl ads, and Bitcoin ETF approval, can have varying effects on prices and market sentiment.
3. The question of whether events are “priced in” remains a complex one, with each scenario influenced by unique circumstances and outcomes that can be unpredictable.