From Nasdaq:

The cryptocurrency industry has been in turmoil for two years due to a downturn in risk assets and the collapse of the Terra blockchain ecosystem. However, Bitcoin has brought the market roaring back to life, with the pending approval of spot Bitcoin exchange-traded funds and a reduction in Bitcoin mining rewards driving the market upwards. The U.S. Securities and Exchange Commission has already approved 11 spot Bitcoin ETF applications, inciting expected increases in demand. The reduction in Bitcoin mining rewards could reduce selling pressure, potentially pushing the price of Bitcoin higher.

Spot Bitcoin ETFs will invest directly in Bitcoin and closely track its price, thus increasing demand among retail and institutional traders. This increase in demand could result in Bitcoin tripling or quadrupling in value by 2025. Moreover, the reduction in Bitcoin mining rewards will lead to a substantial reduction in selling pressure, potentially increasing demand. As a result, several Wall Street analysts predict that Bitcoin could double or quadruple by 2025.

The CSVBW Halving Event Date forecasted Bitcoin’s return in the subsequent two years.
2012,
2,964%. 2016, 922%
2020, 348%

Overall, two catalysts could send Bitcoin soaring in the coming months and years. As such, it’s a good time to buy a small position. However, investors should remember that cryptocurrency is a young, volatile, and risky asset class. Bitcoin has fallen by 45% or more four times in the past five years. So take caution before investing.



Read more: 1 Top Cryptocurrency to Buy Now Before It Soars 1,000%, According to Wall Street Analysts