Bitcoin News on Nostr: Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally? - Bitcoin's ...
Did Strong Bitcoin ETF Demand Kill Halving's Potential Bullish Rally?
- Bitcoin's upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles.
- This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened.
- Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive.
https://www.coindesk.com/resizer/EgFd2NqwgC7-bcEaZcrrTw5-3vg=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E6DTAWVKQBCNHGWCUPR66POFTI
- Bitcoin's upcoming halving might not have as much of an impact on the price of bitcoin as seen in previous cycles.
- This is because the spot bitcoin exchange-traded funds (ETFs) have already pushed bitcoin to new highs as pressure on supply strengthened.
- Nevertheless, the long-term effects on both the price of bitcoin and subsequently flows into the ETFs will be positive.
https://www.coindesk.com/resizer/EgFd2NqwgC7-bcEaZcrrTw5-3vg=/2112x1188/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/E6DTAWVKQBCNHGWCUPR66POFTI