According to BlockBeats, Brian Dixon, CEO of investment firm Off the Chain Capital, stated on April 11 that the overall demand since the launch of the Bitcoin ETF has significantly impacted the market supply. He suggested that logically, once the halving occurs and the supply further decreases, the price would increase. David Lawant, Research Director at FalconX, expressed a similar view. He noted that this surge is the first time Bitcoin has broken historical highs before halving. Some are concerned that the ETF has pulled demand forward, and we may hover at the current level for some time.
Anthony Anderson, founder and CEO of Param Labs and Kiraverse, also shared the same perspective. He said that since the beginning of the year, the Bitcoin ETF has preempted the impact of halving supply by acquiring a large amount of BTC. Fred Thiel, CEO of the US-listed mining company Marathon Digital Holdings Inc., also expressed a similar view in an interview. He stated that the approval of the Bitcoin spot ETF has been a huge success, attracting funds into the market and essentially promoting the price increase that should occur three to six months after halving. This halving event will reduce the supply of Bitcoin by about 450 per day, which may have a minor impact on the price. As Bitcoin miners, we are very excited about the halving, and this time the price did not drop before the halving, but rose.
