Bitcoin halving happened. Now what?

[MongiIG]

Now that the Bitcoin halving event is over, investors are keen to know how this will impact the cryptocurrency’s price and dynamics in the coming months.

 

Written by: Angeline Ong | Financial Analyst, Presenter and Content Editor, London

 

Publication date: Monday 22 April 2024 14:02

ByteTree CIO Charlie Morris speaks to IGTV’s Angeline Ong to explain why this event was the ‘great anti-climax’ in the crypto world, and why this event perhaps presents a long awaited entry point for those wanting to gain exposure to Bitcoin.

(AI Video Summary)

Impact of the Bitcoin halving event

In this exclusive IGTV interview, Angeline Ong and ByteTree CIO Charles Morris analyse the Bitcoin halving, emphasising its reduced supply effect and potential for price increases due to decreased miner selling pressure. Morris suggests the halving's aftermath offers a promising entry point for investors, citing historical post-halving strengths.

Bitcoin's correlation with tech stocks

He also discusses Bitcoin's correlation with tech stocks, regulatory perspectives, and its inevitability as a sustainable asset class, akin to "the gold of the Internet." Morris concludes by highlighting Bitcoin's necessity for fast, round-the-clock financial systems, contrasting traditional banking.

 

 

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.