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Bitcoin’s performance will depend more on macro factors than supply reductions – Wells Fargo

Grade Bbearish AI signal$BTC
Wells Fargo Investment Institute says Bitcoin's next halving cycle may depend more on macroeconomic conditions, investor demand, adoption and regulation than on reduced new supply. The report notes that post-halving gains have diminished from approximately 92.1x after the 2012 halving to 1.9x following the 2024 halving to date, with more than 96% of Bitcoin's supply expected to be issued by April 2028. This could weaken expectations of another outsized halving-driven rally, making macro conditions and sustained investor demand increasingly important to Bitcoin's next cycle.

Bullish strength: 40/100

  • Institutional participation and access through regulated investment products have expanded.
  • A larger, more diversified investor base may help reduce extreme market declines.

Bearish strength: 60/100

  • Historical post-halving gains have declined substantially across successive cycles.
  • More than 96% of Bitcoin's total supply is expected to have been issued by the 2028 halving, limiting the relative impact of further issuance reductions.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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