PlanB Believes Investor Might be Frontrunning Bitcoin Halving

PlanB on Plausible Investor Motivation

The renowned market analysts was curious to know whether or not ‘they’ which can mean investors or market bulls are “front running the halving.”

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Frontrunning is a word in investing that depicts the deep motivation to buy an asset based on a knowledge one has that might fuel the valuation of such asset in the long run. Bitcoin’s halving which PlanB is referring to is a network event that takes place automatically every four years.

The next halving is not expected until April next year, a time when the rewards issued to miners of Bitcoin will be sliced by half from the current 6.25 BTC. The halving event has been known to be succeeded by a period of immense price growth and investors typically stack up on the digital currency on the grounds that its price will surge in the near future.

PlanB’s questions come on the heels of the ongoing recovery in the broader digital currency ecosystem which has pushed Bitcoin’s price to retest its key resistance level and currently changing hands at a spot price of $29,877.91, up by more than 11% over the past 24 hours. The resurgence in BTC has fueled a corresponding rally that is pushing altcoins to new pedestals.

Question for Smart Money Investors

There are different sentiments supporting the current Bitcoin price growth which has seen smart investors pump new funds into the premier digital currency. While investors are possibly all out for the crypto market following a wave of spot Bitcoin ETF filings sparked by BlackRock, the inherent potential of the forthcoming halving can also be a big boost to bet big on BTC at this time.

Bitcoin touched its All-Time High (ATH) months after its last halving back in May 2020. With expectations of similar growth ahead, we may see additional smart money inflows into the market in the weeks and months ahead.

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