The 2024 Bitcoin halving may have all the conditions for an impressive bullish scenario where prices reach record all-time highs.
Bitcoin’s halving event — which happens every four years or 210,000 blocks — is historically accompanied by a price retracement.
This time, market observers are asking whether this part of the halving — which in previous years saw double-digit percentage losses — will be softened by the presence of spot Bitcoin (BTC) exchange-traded funds (ETFs), which have the potential to bring large amounts of institutional investment into BTC.
The 2024 Bitcoin halving is expected to take place in April and will be the fourth halving in Bitcoin’s history. Halvings decrease the supply of new BTC, ensuring its scarcity.
