Why analysts are calling the next potential Bitcoin halving “pivotal” By Investing.com
From Investing.com:
Analysts predict Bitcoin’s mining reward could be cut in half by April, potentially impacting the cryptocurrency’s price significantly. Halving could see the reward halved from 6.25 to 3.125 Bitcoin, limiting the supply in circulation. Previous halvings in 2012, 2016, and 2020 have led to price rallies and increased market capitalization. The next halving is expected around April 24th, a pivotal event anticipated to drive price appreciation. Recent approval of ETFs tracking Bitcoin have attracted institutional capital into the crypto market, with potential for significant upside in 2024. MicroStrategy’s large Bitcoin purchase and inflows into crypto investment products highlight growing interest despite retail trade volume remaining relatively muted.
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