Bitcoin's fourth halving on April 19 reduced miner rewards, potentially leading to significant price appreciation due to supply shock and ETF approvals.
Bitcoin's fourth halving on April 19 reduced miner rewards, historically leading to price surges averaging 125% in the halving year and 400% in the years that follow. The latest halving is unique due to a supply shock, with fewer coins available on exchanges, and the approval of 11 spot Bitcoin ETFs, potentially lowering barriers to entry and increasing demand. The combination of these factors could lead to significant Bitcoin price appreciation in the coming years.
April 27, 2024
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