Bitcoin Halving and ETFs Could Lead to Mainstream Adoption by 2024
Bitcoin has hit a new all-time high of $72,000, with potential macroeconomic uncertainty and upcoming elections affecting its price. The approval of 11 spot bitcoin exchange-traded funds by the U.S. SEC and the upcoming 4th Bitcoin Halving event in mid-April are two key factors contributing to its positive performance. The halving process, which reduces bitcoin's supply, is expected to have a positive impact on its price and could lead to increased mainstream adoption in 2024. While the impact of the halving on the BTC market in 2024 and beyond remains to be seen, smart traders and investors understand the importance of history repeating itself.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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