Hedge Fund Manager Predicts Bitcoin’s Post-Halving Trajectory

Hedge fund manager Matt D’Souza thinks patience is the key for Bitcoin holders looking to capitalize on the halving.

D’Souza, who’s also the co-founder and CEO of the crypto mining operation Blockware Solutions, says it’s not the time to day trade.

“In 2016, Bitcoin rallied ~67% into Halving. It corrected 33% & bottomed within 3 weeks only to begin a 17-Month Bull Market. In 2020, we didn’t rally going into Halving as we recovered losses from a Global Market Melt Down. The Fundamentals for Bitcoin have never been better.

Halvings are typically Buy the News, Sell the Rumor Events. In 2020, I expect a shallower sell-off than 2016 (we already corrected 20%) & only a 1.5-3 week duration max. Now is the time to be patient & Hold – NOT day trade. The big money is in the sitting & capturing the Cycle.”

D’Souza notes that the Fed is “recklessly” printing money, which will create negative interest rates. He also says 16% of miners have now shut off, giving BTC a better environment to rally.

And it’s not just post-halving developments that could create a bullish environment for crypto. Trader and analyst Luke Martin says Bitcoin is also currently decoupling from the stock market.

The decoupling is underway:

•Stocks selling off and back below where they started May
•BTC bounce continues with slow & steady rise https://t.co/FUYbF8k4h3

— Luke Martin (@VentureCoinist) May 13, 2020

In mid-March, when BTC collapsed hand-in-hand with equities, many analysts expressed doubt about the asset’s ability to serve as a hedge on traditional finance.

But that’s no longer the case, according to Martin.

Featured Image: Shutterstock/Nejron Photo