🔥🔥🔥 #tether Co-Founder William Quigley on How Bitcoin Halving Will Reshape #CryptoMarkets
As the highly anticipated Bitcoin halving event approaches, it represents a pivotal moment for miners, institutional investors, and the broader market.
Scheduled approximately every four years, the upcoming halving in April will halve Bitcoin's mining reward, fundamentally altering its supply dynamics and impacting its long-term value.
In a recent discussion, venture capitalist William Quigley shared insights into the implications of the Bitcoin halving. He referenced historical data to forecast potential price adjustments post-halving, expecting a more modest increase compared to previous surges, potentially reaching over $300,000.
Quigley projected a timeline for Bitcoin's post-halving rally cycles, estimating it could take up to 18 months to reach its next all-time high by October 2025.
Regarding miners and investors, Quigley highlighted the challenges and opportunities posed by the reduction in mining rewards. He advised investors to adopt a long-term approach, cautioning against short-term trading based on daily sentiment fluctuations.
Quigley also discussed the rise of quantitative trading firms specializing in crypto investments post-halving, driven by the exponential growth in trading volumes and opportunities in Bitcoin futures markets.
Overall, the Bitcoin halving event is poised to reshape market dynamics and drive investor strategies in the years ahead.
Source - cryptonews.com
