Bitcoin's (CRYPTO: BTC) halving events, which occurs roughly every four years, are among the most anticipated inflection points in the cryptocurrency industry. Due to dynamics revolving around supply and demand, Bitcoin has historically gone on impressive runs when the next halving is about a year away. 

So with the next halving likely to happen sometime in April or May 2024, we are officially right at the point when Bitcoin's supply increase changes. This possibly makes this May a great time to buy Bitcoin and hold for the long haul.

Image source: Getty Images.

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Source Fool.com