Exclusive Insights by Kathleen Breitman: Tezos Co-Founder on Bitcoin Halving
On April 22, 2024, Kathleen Breitman, the co-founder of Tezos Blockchain, shared her exclusive insights on CNBCโs โSquawk Boxโ with co-anchor Joe Kernen about the Bitcoin market post its fourth-ever halving on April 20.
Market Expectations:
- Breitman was surprised by the strong buying interest in Bitcoin post-halving.
- Noted a significant pullback just before the event despite being anticipated.
US-Listed Spot Bitcoin ETFs:
- Discussed the impact of spot Bitcoin ETFs in the US launched on January 11.
- Suggested that purchasing Bitcoin became harder due to increased demand.
The Role of Memes and Market Sentiments:
- Bitcoin market operates on memes or popular market sentiments, influencing price movements.
Security Budget and Transaction Fees:
- Bitcoinโs security budget is independent of the security actually provided.
- Post-halving, block rewards decreased, and transaction fees increased due to the Runes protocol activities.
Market Sophistication and Future Predictions:
- Bitcoin market is becoming more sophisticated with informed players.
- Price will likely increase as retail investors expect it, but effects of halving should already be priced in.
Bitcoin is currently trading at $65,900, up 1.46% in the past 24 hours as of 3:05 p.m. UTC on April 22.
Hot Take: Analyzing Bitcoin Post-Halving Insights
Reflecting on Kathleen Breitmanโs exclusive insights post the Bitcoin halving, the marketโs behavior continues to surprise as buying interest remains robust. The impact of US-listed Spot Bitcoin ETFs raises concerns over increased demand and purchasing complexities. Memes and market sentiments exert a significant influence on Bitcoin price movements, highlighting the marketโs nuances. As Bitcoinโs security budget and transaction fees evolve post-halving, it underscores the marketโs adaptability to changes. With a more sophisticated market and future predictions in play, the ongoing Bitcoin price surge reflects both retail investor expectations and market dynamics.
Ethan Glober emerges as a visionary weaving the roles of crypto analyst, relentless researcher, and editorial artisan into a captivating narrative of insight. Within the dynamic realm of digital assets, Ethan’s insights resonate like an intricate melody, resonating with curious minds from all walks of life. His ability to untangle the most complex threads of crypto intricacies seamlessly melds with his editorial finesse, transforming intricacy into a harmonious composition of understanding.