Analyst: Bitcoin's "halving" may already be reflected in its price
2024-04-18 13:46:29
Azeem Khan, co-founder of blockchain venture Morph, said that the price of Bitcoin may have already reflected the impact of the "halving". He believes that since the approval of the Bitcoin Spot ETF, we have seen a continuous inflow of institutional capital for several months. Even before this has seen a lot of liquidity enter the market without seeing the traditional signs of retail buying, such as Coinbase becoming the number one app in the App Store. This shows that there is already institutional money coming in.
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