Upcoming Bitcoin Halving and Generational Wealth Transfer Could Boost Prices, But Volatility Remains
-
The upcoming bitcoin halving in April 2024 will tighten supply and has historically led to price increases. This halving could be significant as bitcoin's inflation rate falls below 1% for the first time.
-
A spot bitcoin ETF could be approved in early 2023, but the market has likely already priced this in. The remaining uncertainty is around how successful these ETFs will be at attracting investments.
-
The largest generational wealth transfer in history (estimated at $60-90 trillion) from Baby Boomers to younger generations could flow into bitcoin and crypto, as younger investors are more inclined to invest in crypto.
-
Bitcoin becoming a trillion dollar asset is a meaningful trend that's likely to continue, given its position as a potential store of value against rising central bank balance sheets and inflation.
-
Investing in crypto requires a risk tolerance for volatility, as assets like bitcoin can see massive price swings of 100% or more.