Happy Bitcoin Halving Day: What Experts Predict Happens Next
Portfolio Pulse from Khyathi Dalal
The Bitcoin Halving event is set to occur, with experts predicting significant price volatility. Bitwise CIO Matt Hougan highlighted a demand shock from spot Bitcoin ETFs and a supply shock from the Halving. Crypto trader Stockmoney Lizards noted Bitcoin's current resistance, while The Flow Horse predicts a volatile period with a series of price drops and bounces. PlanB forecasts a 4x price surge in the next 6 to 18 months. The event's impact on Bitcoin as an institutional asset will be discussed at Benzinga's Future of Digital Assets event.
April 19, 2024 | 7:27 pm
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The Bitcoin Halving event is anticipated to cause significant price volatility, with predictions of both a demand and supply shock affecting its value.
The combination of a demand shock from the launch of spot Bitcoin ETFs and a supply shock from the Halving is expected to create significant price volatility for Bitcoin. Predictions of a 4x price surge in the next 6 to 18 months further underscore the potential for substantial price movements. However, the exact impact remains uncertain due to the speculative nature of the market and the historical context of previous Halvings.
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