Grayscale: Bitcoin halving effect likely will not be as big as in the past

Grayscale, a global cryptocurrency management company, has predicted that the effect of Bitcoin's halving, which took place last April, will not be as significant as in the past.
On the 24th (local time), Grayscale announced through X (formerly Twitter) that, "Compared to previous halvings, the current Bitcoin market capitalization is larger and less volatile, so the halving will be held
"Looking at the past three halvings, in most cases, prices rose significantly in the 12 months following the halving. The average increase was 33%.
"This year, the rate of increase after the halving in April was at the 5% level, which is much slower than in the past," he said. "Bitcoin is now a macro asset, just like stocks, commodities, and the dollar.
"It is subject to a variety of variables, just like those assets," he said, adding, "We currently view Bitcoin as being more sensitive to macroeconomic issues than the halving."