Coinbase Urges Caution on Bitcoin Price Hopes Tied to Upcoming Halving Event

Coinbase executive urges caution on Bitcoin price projections tied to upcoming halving event, noting past performance doesn't guarantee future results.

Halvings cut mining rewards in half every 4 years, slowing issuance over time, but price impact has varied historically.

Institutional interest through new Bitcoin ETFs adds a new variable versus past halvings, with billions flowing in so far in 2023.

Coinbase says it has stress tested systems to handle surges in interest and trading around volatile events like the halving.

Executive says halving is an important event but just one of many variables impacting crypto markets over the long term.