Coinbase: Bitcoin halving may have positive impact on price, but other factors cannot be ignored
Coinbase stated in a research report on Wednesday that historical precedents indicate that BTC's recent strong performance will continue after the upcoming halving, as this event reduces the supply of new BTC, but investors should be cautious about this view.
Coinbase pointed out that in the six months before the previous halving, BTC rose an average of 61%, and in the six months after that, it rose an average of 348%. The report said: "Although halving may have a positive impact on BTC's performance, the historical evidence regarding this relationship is still limited, so there is some speculation."
Coinbase said that "BTC does not operate in a vacuum", and its price is influenced by other factors, such as macro factors. Its recent rebound is more due to the enthusiasm for the prospect of spot ETFs, rather than optimism about halving. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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