2018 S3studioBitcoin holders, developers, users, investors, and speculators are poised for the third Bitcoin Halving, which is merely days away. Although the Halving has occurred just twice in Bitcoin’s 11-year life, historically the event has been followed by a massive rise in price of the dominant crypto asset. The first Halving occurred in November 2012 and Bitcoin experienced price appreciation of ~9,200% measured before the Halving to its cycle-high a year after the event. Proponents of the first cite the efficient market hypothesis, whereas advocates of the second point to supply/demand mechanics as well as the previous Halving market cycles. ... [+] https://blockfolio.com/team/blockfolio/signal/DhsG1vq14lIn short, the efficient market hypothesis posits that all information about publicly traded stocks is already factored into the prices of those stocks.

Source: Forbes May 01, 2020 12:22 UTC