Coinbase exchange: It is not known whether the next halving will increase the price of Bitcoin!

David Duong, Head of Institutional Research at Coinbase, emphasized in the report that removing the impact of global liquidity on Bitcoin’s price behavior gives a clear picture of how the asset performs in differe economic regimes.

Duong said that as the next halving approaches, it’s importa to note that the curre increase in global liquidity masks a direct impact on Bitcoin’s price behavior; Because the crypto market has been following global liquidity movemes since the adverse eves that occurred in May and June 2022.

Coinbase research chief added:

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We think that the next bitcoin halving in the second quarter of 2024 may have a positive effect on the performance of this coin. However, based on the evidence, this effect is speculative.