Bitcoin Price Soars Past $71K Ahead of Halving Event, But Post-Halving Outlook Unclear

• Bitcoin price surges past $71,000 ahead of upcoming "halving" event in April • Halving happens every 4 years, cuts block reward for BTC miners in half (currently 6.25 BTC, will drop to 3.125 BTC) • Historically, halvings followed by bull run in BTC price months later, but causation unclear • This time, BTC already near all-time high pre-halving partly due to new BTC ETFs hoovering up supplies • Macro factors like high interest rates could reduce demand for Bitcoin post-halving