Bitkup invites you to count down the last 12 hours! Before the fourth Bitcoin halving

Factors expected to affect the price of Bitcoin during 2024

Approval Spot Bitcoin ETF From the American side in January 2024, this greatly enhanced the confidence of cryptocurrency investors around the world. This led to a new highest price, the New Time High and there is no denying the approval Spot Bitcoin ETF This time, some retail investors are back in the market and playing again.

Recently it was approved Spot Bitcoin ETF The first in Asia and the first Spot Ethereum ETF in the world. The Hong Kong Securities and Futures Commission (SFC) approved spot Bitcoin and Ethereum ETF products on April 15, 2024.

It represents the progress Hong Kong has made and the important strides it has made,” commented Eric Balchunas, an analyst from Boomblerg. But because the market is much smaller. Therefore, it is expected that there will not yet be a huge influx of investment funds that would cause price movements similar to what happened in the United States.

phenomenon Bitcoin halving This reduces the amount of Bitcoin in the system to fewer and fewer events and delays the time it takes to discover Bitcoin to $21 million. Number of trading Bitcoin There will be fewer and fewer left, making it more difficult to find. This point will help create stiffness. Bitcoin According to demand and supply, if the remaining quantity is less, but the demand is increasing. It can be seen that the price is moving up, similar to what has already happened 3 times according to previous statistics.

price Bitcoin It may not move up immediately after the halving because the halving makes its own characteristics Bitcoin It's “harder to happen” and it doesn't mean it is Bitcoin Its value will suddenly increase. This must depend on the situation of the world and its economy. Therefore, investors around the world should keep a close eye on the latter. Bitcoin halving For the fourth time this will affect the price Bitcoin how