According to Thailand’s largest digital asset exchange, bitcoin price will start a bull run with the start of another halving period in 2024.
The Bitcoin halving refers to the mining reward halving and is part of a system designed to limit the total number of Bitcoins to 21 million. halving every four years happens, and because it slows the rate at which new Bitcoins are created, some market experts believe it increases the BTC price.
According to a Bloomberg report, Bitkub Capital Group Holdings CEO Jirayut Srupsrisopasaid that, based on past trends, the next halving will bring a “golden era” for the world’s largest crypto.
Srupsrisopa expects 2024 and 2025 to be a lucrative period for the wider cryptocurrency market as well. However BitkubCo-founder Srupsrisopa said that digital tokens could go through a short period of correction and volatility before halving.
According to Blockchain.com data, Bitcoins 90%It is currently mined and traded on the open market. However, due to halving programs, the last 10%portion of approx. 2140It will not reach the market fully until
Since November’s high of $69,000, bitcoin It has lost over $30,000 and the broader digital asset market is also in a downtrend. Other crypto favorites like Solana and avax are down around 40%.
Some, FedWhile we expect cryptocurrency volatility to increase further as coin ends easy money policies stemming from the pandemic, other experts still see Bitcoin as a solid inflation hedge.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.