- Bitcoin surge post-halving is a whopping 450%, indicating the huge impact of halving events.
- Despite the potential for history to repeat, the halving’s influence diminishes over time due to market size.
- Big players like Morgan Stanley entering the Bitcoin arena show substantial demand waiting to unfold.
- The expansion of ETFs could further drive Bitcoin’s value, previously limited by their absence.
In a recent interview with CNBC, Brian Kelly discusses the big effect of the last halving, mentioning a huge 450% increase in Bitcoin’s worth. This increase shows how halving events really impacts Bitcoin’s path.
People wonder: Will history repeat itself with another 450% rise? Kelly, however, brings some realism to the talk. So, he says that while the halving effect is strong, it becomes less impactful over time. Even though the halving cuts the daily sell pressure from $60 million to $30 million, the cryptocurrency market is so massive, estimated at trillions of dollars, that it’s hard to expect big changes.
“It’s really small,” Kelly says, focusing on the psychological impact and the repeating four-year cycle that dominates Bitcoin talks.
Big Money Entry and ETFs: Drivers for Growth
Kelly’s ideas dig deeper into how big players and ETFs influence Bitcoin’s future. Thus, he points out how important it is for giants like Morgan Stanley and U.B.S. to get involved in Bitcoin. Their entry, he says, shows there’s a lot of demand ready to hit the market.
Furthermore, the discussion moves to ETFs, where Kelly talks about how they could transform things. Until now, big players haven’t been able to get Bitcoin ETFs, which have limited demand. But now that these assets are opening up and fewer coins are on exchanges, Bitcoin could see a high increase in value.
Bitcoin Growth as a Safe Investment
The talk extends to how Bitcoin is becoming a safe investment, much like gold. Kelly predicts a future where Bitcoin could be seen as a safe investment, but maybe not for another ten or twenty years. So, he says Bitcoin’s journey is still early, hinting that it could gradually become part of the financial system.
World Events and Bitcoin Price Changes
Geopolitical events are a big factor in how Bitcoin’s price changes. Kelly admits there’s a link between Bitcoin and gold during political chaos. However, recent events, like the clashes between Israel and Iran, make it unclear how Bitcoin will react, showing its changing role in the market.
Additionally, in dealing with economic uncertainty, especially with changing Fed policies, Bitcoin stands out as a good bet. Kelly says that the Federal Reserve’s stance on inflation could be good for Bitcoin. As traditional currencies lose value because of inflation, Bitcoin becomes a safe place to keep money. Keeping its value in an inflation-heavy space.
Similarly, Kelly discusses other ways to invest in Bitcoin besides ETFs. He mentions other cryptocurrencies like Ethereum and Solana, along with the growing area of decentralized finance (DeFi). He also sees mining as a profitable sector to invest in, giving investors more ways to get into Bitcoin.
Conclusion
Brian Kelly’s thoughts illuminate the complex factors affecting Bitcoin’s path. From halving effects to big money entering the scene, each part shows Bitcoin’s strength and potential to grow.
Furthermore, while there are uncertainties, Bitcoin’s journey as a financial asset stays strong, offering investors a promising option in uncertain economic times. As big players get more interested and the market changes, Bitcoin’s move towards mainstream acceptance and higher value continues without pause.
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
