As the highly anticipated Bitcoin halving approaches, scheduled for April 20, 2024, the cryptocurrency community is abuzz with speculation about its potential impact on the market.
The halving, a pre-programmed event that reduces the rate at which new bitcoins are created by half, has historically been viewed as a bullish catalyst for long-term holders.
However, despite the excitement surrounding the event, some analysts are cautioning against expectations of significant volatility in the immediate aftermath of the halving.
TLDR
- Bitcoin’s impending reward halving, though monumental, is unlikely to cause a significant volatility explosion, according to Amberdata’s Greg Magadini.
- Options implied volatility has ticked higher in the run-up to the halving, suggesting increased price turbulence, but Magadini believes paying a volatility premium for a highly predictable outcome isn’t worth it.
- The impact of Bitcoin’s…
