Some pro-Bitcoin lawmakers such as Wyoming Senator Cynthia Lummis welcomed the latest development.

Additionally, senior crypto research analyst at Bitwise, Ryan Rasmussen, is also optimistic that persistent or increasing demand, when combined with the supply shock from the halving, could help push bitcoin prices further.

“We expect Bitcoin prices to perform strongly over the next 12 months,”$BTC #BitcoinHalving2024: #BTC! #BTCHalvingApril2024