This year's halving may have a more muted price impact due to recently launched protocols like Ordinals and a robust mining sector, softening the effect compared to past halvings.
There is a debate on whether the halving is 'priced in' or if the reduced bitcoin supply from 900 to 450 BTC per day will drive prices up, especially if demand remains constant or increases.
Institutional investors are driving the recent rally, but past halvings have led to positive market sentiment shifts attracting new retail traders, suggesting a potential repetition of the cycle.
The institutionalization of bitcoin not only changes the buyer landscape but also legitimizes the sector, with big names like MicroStrategy, Block, and Tesla adding credibility to the industry.
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