- Back in 2021, from trough to peak, the top cryptos literally turned $5,000 into more than a million dollars, all in less than 12 months.
- About once every four years, Bitcoin undergoes a halving event, wherein the number of Bitcoin mined per transaction is cut in half.
- Around 12 months before a halving event, cryptos begin to soar. And they keep soaring for about two years, until 12 months after a halving event. Then, they crash… until 12 months before the next halving.
2024 is just flying by. Already, here we are in early April. The long-awaited Fourth Bitcoin Halving is now less than two weeks away. And that means it’s time to buy cryptos like it’s 2021 all over again.
Remember how much the crypto markets soared in 2021?
Bitcoin (BTC-USD) itself more than doubled that year. But even that was negligible compared to how much smaller altcoins soared. More than 20% of the top 300 cryptos rose at least 1,000% in 2021. Terra (LUNA-USD) jumped about 11,250%. Sandbox (SAND-USD) soared nearly 13,000%. Anyswap (ANY-USD) climbed over 16,000%. And Gala (GALA-USD) rocketed more than 40,000%.
From trough to peak, the top cryptos literally turned $5,000 into more than a million dollars, all in less than 12 months.
It was wild. Now, thanks to the Fourth Bitcoin Halving, that massive wealth creation may happen all over again.
Bitcoin Halving Cycles Lead Cryptos Sky-High
Do you know what led those cryptos to soar in 2021? It all started with the Third Bitcoin Halving in May 2020.
See; about once every four years, Bitcoin undergoes a halving event, wherein the number of Bitcoin mined per transaction is cut in half. In essence, the production rate of new Bitcoin supply slows by 50%.
For a variety of reasons, these halving events are the most important for cryptos – so much so that the entire market’s movements are centered around these events.
Specifically, cryptos soar around these halving events – and crash at all other times.
About 12 months before a halving, cryptos begin to soar. And they keep soaring for about two years, until 12 months after a halving. Then, they crash… until 12 months before the next halving event.
The last halving was in May 2020 – the Third Bitcoin Halving. Now here in April 2024, the Fourth Bitcoin Halving is just two weeks away.
