Is there any reason for it to go down because of the block halving? I've heard it might be already priced in, so would the lack of a pump be enough to cause a massive drop? Looking at the performance this year, I haven't seen any real patterns, except maybe the time Tether started printing again.
There's a lot of other reasons why it can go down and it wouldn't necessarily go down because of halving. But when a lot of people expect something to go up, it can have reverse effects.
A lot of people have this assumption that it will always go up after a halving, it very well might, but at the current price point, the average person can't even afford a single Bitcoin whereas at previous halving (in 2016) that was still doable (it was on the order of a few hundreds of dollars). At this stage, you would need big investors and probably that's what companies like Bakkt will allow.
Investors appear to like Berkshire Hathaway stock in the $60s and even the $70s more than they liked it at roughly $3500 a share.
Berkshire shareholders approved a 50-for-1 stock split of Berkshire's Class B shares yesterday. Trading began today.
The lower price is seen as an opening for small investors who couldn't afford the old four-figure price tag.
At yesterday's meeting, Warren Buffett told shareholders that the increased trading volume and liquidity for the Class B shares after the split could make it the key driver of Berkshire's market value. "The B may be the tail that wags the dog now."
When the price first went over $1000 some sites switched to using mBTC ... but then the prices went under $1000 and there were complaints about the small numbers being confusing.
You can't win.
> opening for small investors who couldn't afford the old four-figure price tag.
That's an issue that doesn't exist for Bitcoin though-- you can purchase FAR less than one bitcoin at a time.
The problem is fragmentation, this would require upgrading thousands of apps in close proximity to avoid consumer confusion when decimal places switch across platforms
Because it's expected to go up, there are probably some people waiting to sell until then. We can probably expect increased sales volume to some extent, but hard to say whether that will move price up or down.
