Bitcoin is approaching its halving event, with potential for price increase due to supply-demand imbalance

From Nasdaq: 2024-04-07 06:30:00

Bitcoin is gearing up for its upcoming halving event, which could impact its price significantly. The halving occurs about every four years, reducing rewards for miners by half. Past halvings have led to massive price increases, but it’s not a guarantee of future gains. With demand rising from new Bitcoin ETFs, investors are optimistic about the potential for another rally post-halving. So, should you invest in Bitcoin ahead of the halving? The potential for a supply-demand imbalance suggests a price boost could be on the horizon. With over $30 billion already flowing into Bitcoin ETFs, the stage is set for a possible surge in Bitcoin price over the next 12 months or more.

Read more at NASDAQ MarketSite: Should You Buy Bitcoin Ahead of the Halving?