“Everyone who wanted to buy into the halving mostly has,” said Capriole Fund founder Charles Edwards.
Analysts are predicting a significant increase in the price of Bitcoin (BTC) following the halving event, despite the world’s largest crypto asset plummeting nearly 15% from its latest all-time high of $73,738 over the last six days.
In a March 19 post to X, Capriole Fund founder Charles Edwards said it’s “normal” to have a lot of volatility in the months on either side of the Bitcoin halving, speculating that the 12-month period following the event would be the best “risk-reward” timeframe for investors.
Edwards posited there would be a shutdown of inefficient miners in the wake of the Bitcoin halving event — which is slated to occur sometime between April 18-20.
