Bitcoin has experienced its longest stretch of negative year-over-year returns in its history, 15 months extending from Feb. 2022 to June 2023.
This record-breaking downturn surpasses the previous streak of nearly a year from Nov. 2014 to Oct. 2015.
According to a recent Pantera Capital letter to investors, this prolonged downturn may have reached its limit.
Pantera commented that a recent series of fortunate events, such as the XRP ruling and endorsements from BlackRock and other major financial entities, along with the upcoming Bitcoin Halving expected in April 2024, could form a strong foundation for an impending bull market for digital assets.
Bitcoin Halving 2024.
The Bitcoin Halving, slated for Apr. 20, 2024, will adjust the release of Bitcoins by half next year.
At present, the blockchain rewards miners with 6.25 bitcoins every ten minutes, and this “block reward” halves every four years, a process expected to continue until the year 2140, when the aggregate of Bitcoins in
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