Bitcoin is the largest cryptocurrency by Market Cap and is about to undergo the significantly bullish event known as “Bitcoin Halving. Bitcoin halving occurs approximately every 4 years, after every 210,000 new blocks are added to the Bitcoin Blockchain resulting in the halving of new Bitcoin addition to supply or miner rewards.
Each individual in the cryptosphere is excitedly eyeing for this bullish event and the imprints it will leave on Bitcoin Price and the crypto market.
According to Fred Thiel, the CEO of Marathon Digital Holdings Inc. and the owner of $1.1 Billion worth of BTC, the highly anticipated Bitcoin halving event wouldn’t make a prominent impact on Bitcoin prices. In an interview with Bloomberg Fred iterates “The ETF approval, which has been a huge success, has attracted capital into the market and essentially brought forward what could have been the price appreciation we typically would have seen three to six months post halving.
Moreover, the recent approval of spot ETF prior to the halving event has altered the demand and supply dynamics of the asset and led to the required price boost generally expected post halving. Due to this, investors may need to wait for 6-7 months to witness a surge in the prices and Until then, Bitcoin prices may fluctuate between $71,000-$74,000.
Furthermore, If we date back to past halvings, the year following a Bitcoin halving event often brings a bullish tailwind in the crypto market implying money-spinning opportunities for crypto investors in 2025. So it might be the right opportunity for the investors to fill their crypto bags and HODL until the next bull run.
Is it the right time to invest in Bitcoin?
As the saying goes “It’s never too late to buy Bitcoin. With a firm belief and profound research investors can choose to invest in Bitcoin anytime.
