This Bitcoin Halving Scenario Is as Likely as Aliens Hacking Your Wallet

As May approaches and Bitcoin’s next halving draws near, hodlers, traders, and investors are all keen to know how this quadrennial event will affect the price of the world’s foremost cryptocurrency. 

To delve further into the halving, we talked to traders Michaël van de Poppe and Scott Melker (aka The Wolf of All Streets) on our latest crypto markets show. The discussion also covered short term bullish and bearish scenarios for both Bitcoin and the stock market, why Bitcoin is still a non-correlated asset, and how trust in the U.S. dollar could wane in the coming years. 

Bitcoin’s Unlikely Halving Scenario

During a recent livestream, crypto influencer, IvanonTech, analyzed how the halving event will affect the trading behavior of retail investors versus whales. He anticipates that there will be an increase in buying demand from retail investors in the days leading up to the halving, which will push Bitcoin’s price up. He cautions that this will give whales an opportunity to…