Bitcoin’s upcoming mining rewards halving has long been looked upon as a bullish event that will catalyze upwards momentum for BTC due to the effect it has on the cryptocurrency’s inflation rate, and historical precedent backs this notion.
It is important to note that analysts have claimed that the short-term impact that the halving has on the benchmark crypto’s price action is largely due to investors widely regarding it as being bullish, while the fundamental impacts of the event take months — or even years — to impact its price.
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