Halving is getting closer and the price of Bitcoin has shown a remarkable increase in the last month. Cointelegraph en Español spoke with Carlos Duat, CEO Crypto Digital Group in Spain, to understand a little better what is happening.
When asked if the proximity of halving is a cause of the price increase, he answered:
„Yes, it is. In fact, since we hit a low of USD 3,700, the price has been rising steadily. I believe the start of the rally from the $3700 level has been due to the large purchases that have been made during the steep drop that brought us to those levels. And now the halving effect and the Fomo is what makes the price of Bitcoin Profit – Immediate Edge – Bitcoin Circuit – Bitcoin Era – Bitcoin Code – Bitcoin Billionaire – Bitcoin Revolution – Bitcoin Trader – Bitcoin Evolution – The News Spy continue to rise without a break.
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On the other hand, when we told him that apparently the date of the halving will be even earlier than planned, he said:
„That’s right, the big halving is ahead of us. It has basically been influenced by the mining activity causing it to be a few days earlier“.
What is FOMO?
The term FOMO comes from the English words „Fear of missing out“ and means „fear of missing something“ or „fear of being left out of something“. It is a term widely used among investors and often defines the feeling of those who do not want to miss out on an asset that shows some upward trend.