Is it a good plan to invest in Bitcoin now? How do investors around the world behave before the upcoming distribution of the BTC award?
Bitcoin’s halving and investors’ expectations
Traders all over the world gather more and more BTCs every day than in the last 4 years because the investment in cryptography, even for novice investors, seems to be very attractive nowadays and the popularity of the phrase “halving” reached its peak on Google Trends. The crypto market has seen an increase in bitcoin purchases of $1200 – the amount of stimulus cheques currently issued to the Americans by the US government.
HODLers in the lead
According to data from the Glassnode, BTC’s position increased significantly in April and the preceding months. BTC’s long-term investors are in “bear mode” and buy Bitcoins at lower prices.
Adamant Capital explained on his blog that significant amounts have been spent on the bear’s markets and that HODLers, i.e. investors who are pursuing a strategy of long-term investment in cryptos, regardless of current increases or decreases, have been gathering new positions”. At current record low rates, HODLers around the world are adding 75,000 BTC per day.
All indications are that Bitcoin is going to shoot up after halving and according to many experts in the crypto industry: “Bitcoin, he’s going to get on the track for new peaks.” Currently, there are 17 days left to “halving”, perhaps there will be no better time to enter the game.