Vera

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Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoins-price-leap-prior-to-block-reward-halving">Bitcoin’s Price Leap Prior to Block Reward Halving</a><br></p>
<p style="text-align: justify"> In a recent surge, <a href="https://en.bitcoinhaber.net/investment-funds-acquire-overwhelming-bitcoin-volume-over-miner-production">Bitcoin</a>‘s value skyrocketed past $73,000, marking a new peak as the halving event draws near. With just 35 days left until the anticipated halving, the <a href="https://en.bitcoinhaber.net/crypto-market-swings-as-federal-reserve-minutes-go-public">cryptocurrency</a> world speculates on the potential impacts and future trends of digital currencies post-halving. </p> 
<h2 id="anticipating-the-halving-impact">Anticipating the Halving Impact</h2> 
<p style="text-align: justify"> The Bitcoin network is set to slash <a href="https://en.bitcoinhaber.net/finlands-rise-in-the-crypto-mining-arena">mining</a> rewards from 6.25 BTC to 3.125 BTC per block, in an event that occurs every 210,000 blocks. This halving contrasts with prior instances, emerging within an ecosystem where the collective worth of cryptocurrencies has soared past the $3 trillion mark. The upcoming halving is buoyed by unprecedented support, notably the significant demand from the spot Bitcoin Exchange-Traded Fund (ETF) sector, and the United States’ recognition of Bitcoin as a legitimate investment asset following ETF approvals. </p> 
<h2 id="insights-from-market-experts">Insights from Market Experts</h2> 
<p style="text-align: justify"> With the current demand in the ETF channel, expert predictions hint at a multiplication of interest following the halving. Ethan Vera of Luxor Technology Corporation forecasts a continuation of institutional attention towards the sector. Joe Nardini from Riley Securities also suggests that the halving may heighten the risk appetite of institutions eager to invest in Bitcoin, seeing the controlled supply as an encouraging sign for prospective investors. </p> 
<p style="text-align: justify"> However, while first-time Bitcoin investors may remain largely unaffected, Ruben Sahakyan of Stifel Financial predicts a potential dip in interest for mining stocks, as the market assesses the halving’s effect on miner profitability. Fidelity Digital Assets’ Chris Kuiper identifies the approval of spot Bitcoin ETPs and the halving as the two primary driving forces behind Bitcoin’s current trajectory. </p> 
<p style="text-align: justify"> Amid contrasting views, a JPMorgan analyst suggests the possibility of a price decline to $42,000 post-halving. Conversely, Clark Swanson, ex-CEO of Blockcap, expresses excitement for the upcoming halving, citing the supply shock from ETF demand as a pivotal factor.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoins-price-leap-prior-to-block-reward-halving">Bitcoin’s Price Leap Prior to Block Reward Halving</a></h5>

Bitcoin’s Price Leap Prior to Block Reward Halving

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