06 May Bitcoin Derivatives Give BTC Halving Insight
With the halving just six days away, the crypto community is collectively holding on to their proverbial hats and counting down the days until the historic event takes place. Looking back, it’s quite amazing to see what has been achieved in the past four years since the last halving and how much the industry has matured.
Regulation has taken giant leaps, venues have become more sophisticated and transparent, and institutions have begun to dip their toes in the once murky waters of crypto. Along with a reduced supply, all the conditions are perfectly aligned for a post-halving bull run, and that is exactly what many crypto enthusiasts are expecting.
One noticeable proponent of such a result for the halving is PlanB, the anonymous analyst behind the famous stock-to-flow model. Recently tweeting about the event, PlanB expects the Bitcoin price to rise tenfold in the next two years, thus proving that his model can indeed predict the long-term direction of BTC’s price.