The 4-year cycle of Bitcoin is about to change completely?

The 4th Bitcoin halving event is approaching and could mark the beginning of a new era for cryptocurrency.

The market is heating up:

Bitcoin's price is soaring due to predictions about the halving and the approval of Spot BTC ETF funds in the US. Major financial institutions are entering the market, such as BlackRock, Fidelity. Bitcoin reached an all-time high of $73,000 in March 2024.

Reasons for the growth:

The participation of institutions demonstrates the legitimacy of cryptocurrency. ETF funds make it easier to access Bitcoin. CoinDesk predicts that the price of Bitcoin will rise from $150,000 to $250,000.

Challenges:

Inflation could lead to tighter monetary policies, affecting cryptocurrencies. Slow economic growth could make investors more cautious. The halving event could lead to Bitcoin mining companies going bankrupt due to reduced profits. Regulations and lack of capital could create downward price pressure. The 2024 election could lead to changes in cryptocurrency policies.

🎯 End of the bull/bear cycle?

The participation of institutions and ETFs could blur the impact of the halving. For the first time, Bitcoin's price surged before the halving, which could end the 4-year cycle. Instead, Bitcoin's price could grow steadily thanks to capital inflows from ETFs.