Joe Kelly, the cofounder and CEO of, a cryptocurrency financial services firm with $2 billion in assets under management, said bitcoin's prior three"halving" events — or when the number of bitcoins rewarded to miners gets cut in half — suggest massive upside for the token leading up to and after the next halving in April 2024.
The exec pointed out that one year after the 2012, 2016, and 2020 halvings, the price of bitcoin was up 8,069%, 284%, and 559%, respectively. In the 12 months before each of the last three halvings, bitcoin has climbed 385%, 142%, and 17%, respectively.
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