What are some major institutions investing heavily in bitcoins in 2024 ? And how is it going to impact the future prices for bitcoin according to you ?
1. Large financial institutions such as JPMorgan Chase, Goldman Sachs, and Citibank.
2. Hedge funds like Renaissance Technologies and Bridgewater Associates.
3. Technology companies such as Square and MicroStrategy.
4. Sovereign wealth funds from countries like Singapore and Norway.
In the short term, this is positive, but I fear these massive players are nothing more than an attempt at control and mass accumulation. What I fear the most is what will happen when the supply dries up, and the only people holding are these traditional industries—everything that Bitcoin should be going against.
Some of these predictions seen unreliable.The 2024 Bitcoin halving is expected to happen on April 17, 2024, and is being highly anticipated.
The bitcoin halving event is going to take place soon and every bitcoin user,miner and investors are enormously prepared for whatever outcomes of the halving event.You see,bitcoin is the oldest and most well known cryptocurrency so far,and its increase in market can lead to economical outburst for other cryptocurrencies.It's unlikely for it to run out of supplies so easily.
No one knows what could happen because of this bitcoin's evolution;bitcoin,the biggest cryptocurrency is about to evolve in a new phase and most prominent institutions wants to be a part of it,this could lead to an increase in the global financial technology/markets.