The third Bitcoin halving is here, bringing with it a lot of hype. Why? Well, at the first halving, BTC was $12, and spiked as high as $1,132. At the second, it was $648 and climbed as high as $19,497. For the third Bitcoin halving, today, it was at $8,763.
Looking back on the 10th anniversary of the “Great Recession” New York Magazine put it this way: “The older folks hoovered up gold, which basically doubled in value in the four years after the crash. Younger folks dove into cryptocurrency.”
Like 1960s campus radicals, Bitcoin maximalists are enthusiastically praising the wisdom of a leader of Communist China. That’s because President Xi Jinping called for his country to “take the leading position in the emerging field of blockchain.”
Have you heard of “The Halving?” Many—if not most—retail traders and investors may not have heard of it. Those that have probably don’t care all that much about it. For that reason, all those HODLers who take up a lot of space on Reddit and Twitter give themselves a pat on the back.