Grayscale: Many investors are unaware of the upcoming Bitcoin halvening
Asset manager Grayscale has presented another research report, in which it tried to understand the circumstances of the upcoming decline in rewards for adding blocks to the Bitcoin network or halvening.
The most pressing question for many investors is how the market will behave or, in other words, whether this event will be reflected in the price of the cryptocurrency in advance..
“While communicating with market participants, we learned to our own surprise that many of them did not know about this event. Many investors have entered the market over the past three years, so they have not yet encountered halvening, ”writes Grayscale.
According to the company, short-term forecasts may vary, but historical data suggests that the strategic positions that investors held during this time paid off..
“For investors who are planning ahead for several years and are resilient to risk, lower prices, improved fundamental characteristics of the network, increased accompanying investment activity and the upcoming halvening provide an attractive point for opening positions on Bitcoin. This primarily concerns investors who have been building key strategic positions over time, ”concludes Grayscale.
While there is almost a year left before Bitcoin halvening, a similar event in the Litecoin network will occur in 2 months..
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