The post Bitcoin’s 2024 Halving: How Institutional Investments and Economic Uncertainty Could Shape Its Future appeared on BitcoinEthereumNews.com.

According to a recent report from Cointelegraph dated April 20th, the upcoming 2024 Bitcoin halving is poised to reduce the block reward from 6.25 BTC to 3.125 BTC. This anticipated event has occurred against a backdrop of growing global trade tensions, yet Bitcoin has demonstrated a notable resilience, gaining more than 33% since the beginning of April 2024. Market analyst Enmanuel Cardozo, representing the asset tokenization platform Brickken, notes that although Bitcoin’s performance has been robust, prevailing economic uncertainties and ongoing selling pressures are prompting many investors to remain cautious. Cardozo emphasizes that institutional investments, particularly from entities like Strategy and Tether, could potentially enhance Bitcoin’s established four-year halving cycle. He also suggests that a rate cut by the Federal Reserve in May or June might provide additional liquidity to the market, subsequently accelerating Bitcoin’s price movements. Source: https://en.coinotag.com/breakingnews/bitcoins-2024-halving-how-institutional-investments-and-economic-uncertainty-could-shape-its-future/

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Filed under: News - @ April 20, 2025 2:24 pm