Key Points:

• Bitcoin halving event may already be priced in, driven by optimism from US ETF approval.
• Marathon Digital Holdings CEO Fred Thiel suggests ETF approval accelerated demand, impacting post-halving price trends.
• Bitcoin’s recent price corrections have been less severe, possibly influenced by the introduction of a Bitcoin ETF.

Bitcoin’s upcoming halving event, a software update anticipated to spur further price increases, might already be priced to some extent, according to the CEO of the largest US crypto miner.

Bitcoin Halving Event: Price Forecasts and ETF Excitement

According to Bloomberg, Fred Thiel, CEO of Marathon Digital Holdings Inc., suggests that the surge in Bitcoin’s value, up by over 60% since the year’s outset, may have been influenced by the approval of US exchange-traded funds (ETFs) holding the cryptocurrency.

Typically, Bitcoin prices experience an upturn following halving events, which occur every four years. Thiel speculates that the recent ETF approval may have expedited this price appreciation, preempting the usual post-halving surge.

Based in Fort Lauderdale, Florida, Marathon operates numerous mining facilities nationwide, notably in Texas. Bitcoin mining, an energy-intensive process involving specialized computers validating transactions on the blockchain, is set to undergo a reward reduction in late April due to the Bitcoin halving event.

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Godleak crypto leak service have multiple advantages in comparision with other services:

•  Providing signal of +160 best crypto vip channels in the world
• Using high tech bot to forward signals
• Without even a second of delay
• Joining in +160 separated channels on telegram
• 1 month, 3 months , 6 months and yearly plans
• Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

Bitcoin ETF Buzz and Halving Speculation

Thiel highlights the positive sentiment among miners, as the halving historically triggers increased volatility but also higher prices. He estimates Marathon‘s break-even rate after the halving to be around $46,000 per Bitcoin.

Traditionally, Bitcoin halving events are accompanied by significant volatility, typically marked by a sell-off followed by a rapid ascent to new all-time highs. However, this time, the introduction of a Bitcoin ETF has altered expectations.

Recent corrections in Bitcoin‘s price have been milder compared to previous cycles, with drawdowns not exceeding 25%. Despite anticipated pre-halving excitement, Bitcoin’s resilience has kept corrections shallow, with the latest drop limited to around 15%.

Overall, the market braces for the upcoming Bitcoin halving event amidst a backdrop of evolving dynamics and regulatory developments in the cryptocurrency space.