Rally

Bitcoin

April

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Marathon Digital Holdings Inc. CEO Fred Thiel said recently that Bitcoin’s halving rally is partially priced in.</li> 
 <li>The Bitcoin halving event is scheduled for April 20.</li> 
</ul> 
In a recent interview with <a href="https://www.bloomberg.com/news/articles/2024-04-09/marathon-ceo-thiel-says-mara-bitcoin-halving-rally-partially-priced-in?utm_content=crypto&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter&amp;embedded-checkout=true" rel="nofollow noopener" target="_blank">Bloomberg</a>, Marathon Digital Holdings Inc. CEO Fred Thiel said that Bitcoin’s halving rally is partially priced in. 
Bitcoin’s halving is scheduled to take place later this month, on April 20. The publication explains that the halving is a software code update that is the main catalyst for BTC price surges. 
The halving event may already be factored in to a degree, according to him. 
Marathon Digital Holdings is one of the largest, most energy-efficient, and most technologically advanced Bitcoin mining companies. It is also one of the largest holders of Bitcoin among the publicly traded companies in North America. 
On its <a href="https://www.mara.com/" rel="nofollow noopener" target="_blank">official website</a>, the company states that it invests in the most advanced technologies and leverages innovative techniques in order to convert energy into economic value while, at the same time, helping to keep Bitcoin’s ledger updated and secured, one block at a time. 
Bitcoin’s rally since the beginning of 2024 has been driven by optimism triggered by the record demand for the US Bitcoin ETFs that were eventually approved by the SEC at the beginning of the year. 
Bitcoin prices tend to usually rise in the months ahead of the halving – an event that takes place every four years. 
<figure id="attachment_38815" aria-describedby="caption-attachment-38815" style="width: 100%" class="wp-caption alignnone">
 <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank"><img decoding="async" class="wp-image-38815 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/04/BTC_7D_graph_coinmarketcap-10.jpg" alt="BTC price trajectory" width="698" height="475" title="Marathon CEO: Bitcoin Halving Rally Partially Priced In 3" srcset="https://crypto.ro/en/wp-content/uploads/2024/04/BTC_7D_graph_coinmarketcap-10.jpg 698w, https://crypto.ro/en/wp-content/uploads/2024/04/BTC_7D_graph_coinmarketcap-10-300x204.jpg 300w" sizes="(max-width: 698px) 100vw, 698px"></a>
 <figcaption id="caption-attachment-38815" class="wp-caption-text">
 BTC price trajectory
 </figcaption>
</figure> 
Now, at the moment of writing this article, BTC is trading close to $70k, and the coin is up by about 3% in the past seven days on <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="nofollow noopener" target="_blank">CoinMarketCap</a>. 
<h2 id="bitcoin-halving-rally-mostly-priced-in">Bitcoin halving rally mostly priced in</h2> 
In a recent interview with Bloomberg, Marathon Digital’s CEO, Thiel, said that he believes that the <a href="https://crypto.ro/en/news/citi-citadel-goldman-sachs-identified-as-bitcoin-purchasers-for-blackrocks-etf/">BTC ETFs</a> approval, which <a href="https://crypto.ro/en/news/blackrocks-spot-bitcoin-etf-is-the-fastest-growing-ever-larry-fink-says/">has obviously been a massive success</a>, has attracted capital into the market and brought forward “what could have been the price appreciation we typically would have seen three to six months post halving.” 
He said that he believes we are now seeing part of that already. 
Thiel also highlighted that the halving event will reduce the supply of<a href="https://crypto.ro/en/education/7-best-bitcoin-ordinals-and-runes-projects-ahead-of-btc-halving/"> Bitcoin</a> by about 450 a day and this will probably have a small impact on the prices. 
However, he highlighted that as miners, they are very excited to go into a halving, “where for once prices have not declined prior to the halving rather prices have gone up so everybody is obviously maximizing to that.” 
Thiel also estimated that after the halving event, the firm’s break-even rate would be about $46k per Bitcoin in order to remain profitable.

Marathon CEO: Bitcoin Halving Rally Partially Priced In

목차

crypto.ro global

2024년 4월 10일에 게재된 다른 기사

Whale Investors are Jumping Into This Polygon (MATIC) and Cardano (ADA) Competitor Ahead of Major...

Crypto Analyst Benjamin Cowen Warns of Summer Correction Amid Bitcoin Dip

RECQ gains momentum as ADA and XRP investors look for growth

Uniswap Labs Receives Wells Notice From SEC, Founder Vows To Fight Back

Why Is The Dogecoin And Shiba Inu Price Swimming In Red Today?

Can WIF Rebound from Recent Price Drop and Hit New All-Time High This Pre-Halving Season?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!