Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Halving effect
by
thecodebear
on 25/01/2024, 14:08:11 UTC
Bitcoin halving was always good for bitcoin and is certainly expected to do the same thing... BUT.

We all expected a big grow, after the BTC ETF approve, but the opposite happened. I think tha most probably, it will amek the BTC grow, but some amount of scepticallity is healthy for everyone. Wink


ETF and halving are entirely different events. Can't judge one by the other. Halving always leads to a big bull run.

Also the ETFs DID make bitcoin grow. Hype for the ETFs is largely what drove Bitcoin from like $30k to high $40,000s the past few months. And ETFs will continue to increase the price in the future as billions of dollars continue to flow into them. The main reason price temporarily dropped after the ETFs were approved is because people wanted to "sell the news" and there's been $2-3 billion dollars of selling from the Grayscale ETF which has neutralized what would otherwise have been a strong positive effect from the billions of buying into the other ETFs.