BTC halving surely give big impact, but to say it's affecting NFT and metaverse is BS. I bought a small chunk of metaverse token before bitcoin halving. After bitcoin did halving, my metaverse token is just always going down.
I'm now at 80% lose on metaverse token, and may never recover my lost. This proves how Bitcoin halving is not even affecting all of sectors. NFT and Metaverse have the worst performance after bitcoin halving even compared to the meme sector.
To say BTC halving does big impact to the all of sectors in crypto is completely wrong.
True, the reason behind this is the market, Bitcoin and NFT have different markets, different market audience, different teams or comnunity, and different sets of investors. They might overlap in some matters like Bitcoin investors investing in the said NFT and that is only that. Aside from that, it is the supply of BTC that is getting halved not the entire cryptocurrency. So Bitcoin's halving impact will only be on Bitcoin market.
Its impact includes the market psychology of diminishing supplies that can intensify the demand due to the thinking that less and less Bitcoin to saturate the market and with the growth of the demand greatly increasing, there is no other way for the market but to go up. It is true but sad to think that the effect of Bitcoin halving is also diminishing, we can see it through the percentage growth ratio of each all-time high. From 2013 until now, we can see how the percentage growth of ATH is declining. So I think that there will come a time when the effect of Bitcoin halving will become non-existent.
