Summary:
Historically, previous Bitcoin halving events resulted in a bull market and played a part in increasing the Bitcoin price. The next Bitcoin Halving event is expected to happen in April 2024, which could result in an increase in Bitcoin price.
However, several communities on YouTube and Twitter social media platforms are broadcasting that Bitcoin could fall into the $9,000 – $11,000 range. On the other hand, JP Morgan analysts estimated that Bitcoin price could reach $45,000 earlier this year.
On another note, September has a negative reputation in the history of crypto and is considered a bad month for Bitcoin. This year, it could be worse considering the extended bear market and the ongoing SEC lawsuits on popular crypto exchanges like Binance and Coinbase.
Will the upcoming Bitcoin halving event elevate Bitcoin price to new levels? What could be the result of the allegations on Binance such as it is selling its BTC holdings to maintain the BNB token pegging?
Amidst all this uncertainty, is it a better option to invest in Bitcoin spot ETF? Let us find out in the current podcast!
