2024 is Full of Rewards... and Risks
April 2024 is the next date for the BTC halving, a major event that will see the BTC rewards per block reduced by 50%. According to Binance's CEO Changpeng Zhao (CZ), the following months and years after the halving are when BTC hits new ATHS, citing data and events from the past.
All in all, it seems like 2024 could be filled with the necessary economic and geopolitical factors
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All in all, it seems like 2024 could be filled with the necessary economic and geopolitical factors for BTC to price in. However, there are some risks we should be mindful of, according to Lo:
"For example, the pace of the bitcoin spot ETF approval process in the US remains uncertain. Additionally, there is the potential for GBTC holders and ious bankruptcy estates to sell bitcoin, which could put downward pressure on prices."
That said, Bitcoin is currently very sensitive to any ETF-related news, especially if it comes from BlackRock. As CryptoPotato reported, The Depository Trust and Clearing Corporation (DTCC) removed BlackRock's Bitcoin ETF, IBTC, from its ETF list shortly after it was added on Monday, triggering $37 million in long liquidations across the crypto market within the past hour. The ticker has since then appeared on the site again.
