Bitcoin Primed for Gains in 2024 on Halving, Possible Spot ETF Approval
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Bitcoin's next halving event occurs in April 2024, which will reduce the mining reward and help curb inflation. Past halvings have preceded large bull runs.
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There is speculation that the SEC could approve a spot Bitcoin ETF in early 2024, which would allow mainstream investors easier exposure to Bitcoin.
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Major finance companies like BlackRock and ARK Invest have filed for spot Bitcoin ETFs, indicating growing interest.
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An ETF could boost Bitcoin's credibility and make investors more comfortable with crypto.
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With the potential halving and ETF catalysts, Bitcoin could see further gains in 2024. Risk-tolerant investors may want exposure ahead of these events.