The Bitcoin halving is done, but its effects will be felt over the next year and more. As a result, these two cryptocurrencies should be on your radar right now.
The much-anticipated Bitcoin (BTC 0.13%) halving has come and gone without the fireworks some expected. Prices have barely budged since April 19, 2024, but don’t let that fool you. The long-term effects of Bitcoin halvings are well-documented, often leading to substantial price increases in the following months — but the surge never comes right away.
The crypto market is still brimming with opportunities, especially with the recent approval of Bitcoin spot-price ETFs in January and the upcoming Ethereum (ETH 0.44%) spot ETFs this summer. The ETF launches and Bitcoin halving should bring bullish effects to the crypto sector at large.
Here are two cryptocurrencies that should be on your radar right now. It will be a slow burn until it suddenly isn’t. I’m not trying to rush you, but to make sure you’re not left empty-handed when the real price surge kicks off. The exact timing is up in the air, and I’d rather be early than late to the launch.
The classic Bitcoin play
You can’t go wrong with a classic. The leader of cryptos has just undergone its fourth halving, cutting the block reward from 6.25 to 3.125 digital coins. The lower coin-creation rate lowers Bitcoin’s effective inflation rate, which now stands at a prudent 0.85%. In comparison, the mining and recycling rates of physical gold result in a 3.1% annual supply side inflation for the traditional value-storage leader.
Ark Invest’s Cathie Wood sees a ton of value in Bitcoin’s inflation falling below gold’s, as institutional investors should be more likely to treat the largest crypto name as a long-term value investment now.
Historically, Bitcoin halvings have set the stage for significant price increases, even if the effects aren’t immediate. Think of it like planting a seed. The fruits might not be visible yet, but they’re growing under the surface.
Existing charting patterns suggest that Bitcoin is likely to soar over the next 12 to 18 months. I’ll admit that this analysis skims close to a…
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