Experts Encourage Accumulation of Altcoins Ahead of Bitcoin Halving

Crypto experts advocate accumulating altcoins during the low-interest period.
Bitcoin halving is expected within the next 11 months.
Analysts predict Bitcoin will surpass $100,000 post-2024 halving.

Prominent figures in the crypto space, such as Michaël van de Poppe and Lark Davis, have taken to Twitter to share their insights on the upcoming Bitcoin (BTC) halving and its potential impact on the market.

Both experts emphasized the importance of accumulating altcoins during the current period of low interest in the markets, highlighting the significant price increases historically observed in previous BTC halvings.

Poppe, a well-known full-time trader, advised investors to focus on accumulating altcoins since it is only 8-12 months before the next BTC halving. His recommendation suggests that the market may experience subdued activity and reduced interest during this accumulation phase.

8-12 months before the #Bitcoin halving is the best time to accumulate #Altcoins and the period of the lowest interest in the markets.
That’s the moment you need to be active and interested.
That’s now.
— Michaël van de Poppe (@CryptoMichNL) June 19, 2023

Similarly, Davis, a well-known crypto YouTuber, highlighted that only about ten months remain until the halving event occurs. He believes the market will likely remain in an accumulation zone until it happens.

The YouTuber noted that historical trends had shown significant price surges following previous halvings. Davis shared his investment strategy, indicating that he has been actively buying cryptocurrencies.

Only about 10 more months until the Bitcoin halving.
The market will likely be in an accumulation zone until then.
Post halving, historically has seen large and dramatic price increases.
18-24 months until the next bull peak.
I have been buying, retweet if you have been too!
— Lark Davis (@TheCryptoLark) June 17, 2023

The Bitcoin halving occurs approximately every four years and is programmed into the crypto’s code to reduce the block reward miners receive by 50%. This mechanism aims to control inflation and maintain scarcity in the Bitcoin ecosystem.

The previous three halvings, in 2012, 2016, and 2020, were followed by substantial bull runs, leading to all-time high prices. Many investors and analysts anticipate a similar pattern for the upcoming halving, expected to occur next year.

Last month, as reported by Coin Edition, Bitcoin Strategy Platform, a leading provider of tools and resources for Bitcoin traders, argued that BTC will cross $100k post-2024 halving.

Source: https://coinedition.com/experts-encourage-accumulation-of-altcoins-ahead-of-bitcoin-halving/