Bitcoin Halving: What You Need to Know π
Bitcoin may experience selling pressure ahead of the halving event, but the long-term outlook remains positive.
In a recent interview, Kris Marszalek, CEO of Crypto.com, acknowledged the short-term pressure but emphasized the halving’s long-term positive impact.
The market awaits the next Bitcoin halving expected to occur in four days, which historically triggers price increases.
Skeptics doubt another surge after Bitcoin’s record high, but Marszalek remains optimistic about post-halving momentum.
Despite uncertainties, the CEO is bullish about Bitcoin’s future post-halving, predicting substantial market activity.
Anticipation for Next Bitcoin Halving β³
* The next Bitcoin halving is set for approximately April 20, just four days away.
* The event reduces new Bitcoin supply and has historically driven prices up.
* Bitcoin currently trades at $63,403, down by over 4% in the last day, having hit an all-time high of $73,750 recently.
* Inflows into US spot-Bitcoin ETFs fueled the previous surge.
Debating Bitcoin Halving’s Impact π
* Marathon CEO Fred Thiel suggests that the halving’s effects may already be priced in due to recent market activity.
* Billionaire Arthur Hayes remains cautious about the halving, foreseeing potential price drops before and after.
* Coinbase also warns of challenges and oncoming downward price pressure as traders anticipate the event.
* Despite differing views, Ripple CEO Brad Garlinghouse remains optimistic about the market outlook, predicting a doubling in crypto market value this year.
Hot Take π₯
Stay informed and prepared for the upcoming Bitcoin halving as the crypto market braces for potential shifts in trend and price momentum.
Sources:
1. [Bloomberg Television interview](https://www.bloomberg.com/news/articles/2024-04-16/bitcoin-btc-sales-may-pick-up-around-halving-crypto-com-ceo-says)
2. [Twitter post by Emre Crypto-Bist Signal](https://twitter.com/CryptoEmree_/status/1780111043622060285?ref_src=twsrc%5Etfw)
3. [CNBC interview with Brad Garlinghouse](https://www.cnbc.com)
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