With the halving event come and gone, we are now left to determine if the market now is going as predicted or not, with the reduction in mining rewards, which makes the supply of BTC low and demand high, investors can take advantages of this and adopt long positions and also invest in other altcoins,
After all the hypes leading to the previous halving event which drastically surge the price of Bitcoin at that time, investors are meant to invest before the halving and then sell after the demand, because demand Wil be high and supply will be low, which will aid the surge in price of BTC, thereby putting BTC in the bull direction, which will in turn affect other altcoins,
So in summary investing in BTC at this point in time should be our priority and other promising altcoins. And also taking Risk management strategies just incase the market becomes unfavourable.
Investing in Bitcoin in my opinion is quite simple when investors have explored finding out about Bitcoin. When the exploring stage is complete and you know how Bitcoin is from many angles, there is no doubt about buying and holding.
For Bitcoin investors who have invested in Bitcoin for years and have experienced the benefits, I can be sure that it is no longer a priority but a necessity when all their basic needs are no longer disturbed.
2024 is the fourth halving based on a four-year cycle. Count back the years of the third, second and first halvings and note what the price of Bitcoin was at each halving.
In the process of achieving this fourth halving on 4/20, block height: 840000 and rewards: 3,125 BTC per block, institutions and large companies have started buying up Bitcoin in large amounts to include in their portfolios which are well known for receiving ETF approval.
The question is why they are willing to make such purchases on Bitcoin.
There's no way they would be stupid in doing that.