Coinbase: Bitcoin halving may have positive impact on price, but other factors cannot be ignored
Coinbase said in a research note on Wednesday that historical precedent suggests that BTC's recent strong performance will continue beyond the upcoming halving as the event reduces the supply of new BTC, but investors should be wary of this view. Coinbase notes that BTC gained an average of 61% in the six months leading up to the previous halving and an average of 348% in the six months after. “While the halving may have a positive impact on BTC’s performance, historical evidence on this relationship remains limited and therefore partly speculative,” the report states.
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