Bitcoin’s quadrennial halving is scheduled for Friday, April 19 and the event, which some market observers describe as a pre-programmed supply limiter, could push prices of the largest digital currency higher. Conversely, it’s also argued that the halving is priced into bitcoin. With that understanding, the recent entry of spot ETFs into the market is equally as important as the halving.
Still, some crypto experts think that the halving will serve the effect of limiting and thus boosting bitcoin prices. Noelle Acheson, author of the “Crypto is Macro Now” newsletter, said, though she advised that some turbulent weeks lie ahead for bitcoin before the digital currency potentially ascends to $450,000 over the next 12 months.
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