Posted 4/9/2024, 1:00:00 PM
Bitcoin Soars to All-Time High of $73.5K Ahead of Critical Halving Event, Further Explosive Price Gains Predicted Though 2025 Due to Institutional Investment
- Bitcoin hit a new all-time high of $73,500 on March 13, its first before a halving event, which is a anomaly
- This is occurring because of historically low supply and high demand from long-term holders and new spot BTC ETFs
- Post-halving years typically see 400%+ price increases as supply gets cut and competition for fewer new coins increases
- With major institutions now investing in bitcoin, 2025 could be even more explosive for pricing
- Current prices around $71k still suggest there is incredible upside remaining in this halving cycle