$«This bitcoin cycle is different»: #grayscale
The issuing company of the largest #ETF of #Bitcoin explains why the digital currency is not behaving as in previous bull cycles.
According to Grayscale, the issuing company of the largest bitcoin exchange-traded investment fund (ETF), “the impact of the halving in 2024 is really different” than it has been in previous years. This was stated in a recent report published on the matter.
The company explained that, months after each halving, the price of bitcoin (BTC) always reached a new all-time high. However, he clarified that this has not only been a product of said event, which explains why the currency is now close to exceeding its record of $69,000 (USD) when there are still two months left for such an event.
#CryptoCriss77 $BTC $ETH $BNB
The issuing company of the largest #ETF of #Bitcoin explains why the digital currency is not behaving as in previous bull cycles.
According to Grayscale, the issuing company of the largest bitcoin exchange-traded investment fund (ETF), “the impact of the halving in 2024 is really different” than it has been in previous years. This was stated in a recent report published on the matter.
The company explained that, months after each halving, the price of bitcoin (BTC) always reached a new all-time high. However, he clarified that this has not only been a product of said event, which explains why the currency is now close to exceeding its record of $69,000 (USD) when there are still two months left for such an event.
#CryptoCriss77 $BTC $ETH $BNB
