Analyst: Institutional Influx and Rate Cut Expectations May Propel BTC Upward
According to Cointelegraph, the 2024 Bitcoin halving will reduce the block reward from 6.25 BTC to 3.125 BTC. Despite growing concerns over global trade wars, data shows that BTC has risen over 33% since April 2024.
Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken, stated: "Although Bitcoin has shown resilience, I believe past experiences, current economic uncertainty, and selling pressure in the market still lead investors to wait for clearer entry signals. Investments from institutions like Strategy and Tether may accelerate Bitcoin's traditional four-year halving cycle. Bitcoin's movement remains closely tied to broader monetary policy."
He indicated that a rate cut by the Federal Reserve in May or June could "inject more funds into the system, propelling Bitcoin's rise more quickly."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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