Crypto Market Is Predicted To Greenen On Bitcoin Halfing In April

Illustration of crypto assets (Photo: Pixabay)

JAKARTA - BitcoinIndo21 and Indonesian Bitcoin Community Co-Founder Dimas Surya Alfaruq projects that the crypto market will greenen when Bitcoin Halfing in April.

Because according to him, Bitcoin Halfing will reduce the supply rate of Bitcoin in the market, allowing the price of Bitcoin to potentially rise significantly.

"Currently, it can be said that the crypto market is also in the bullish phase, seen in prices that tend to be stable," said Dimas at the Finance Flash event entitled 'Ngabuburit Discusses Investment Prospects During Ramadan' by Reku on Friday, March 15.

Therefore, Dimas appealed to investors to prepare their trading and investment strategies to make good use of the market situation.

Investors can save regularly or Dollar Cost Averaging and diversify in a number of crypto assets. Because Halving Bitcoin also has the potential to affect the increase in the price of other crypto assets," said Dimas.

Historically, the Halving Bitcoin in 2013 recorded an increase in Bitcoin prices of up to 93.1 times the equivalent of Rp164 million. Then in 2017, the price of Bitcoin increased 30.1 times which made Bitcoin reach the level of Rp300 million.

Furthermore, in 2021, it increased by 7.8 times, touching All-Time-High (ATH) at IDR 939 million.