Bitcoin holders are celebrating the year by celebrating the resilience of BTC amid the world trade war and suggesting that an increase in institutional presence will accelerate the market cycle.
With half of 2024 Bitcoin, block rewards have been reduced from 6.25 Bitcoin (BTC) to 3.125 BTC, cutting new BTC issuances by half.
BTC has risen by more than 33% despite growing concerns over the world trade war and growing tariff tensions between the US and China, according to Cointelegraph Markets Pro data.
“So, despite Bitcoin’s resilience, I think the mix of past experience, economic uncertainty and this sales pressure keeps investors on the sidelines.
Cardozo added that institutional investment from companies such as strategy and tether can speed up half the cycle of Bitcoin’s traditional four-year period. He added:
“It’s halfway through May 2024, and this year will peak in the third quarter and mid-2026, but as the market is mature with more liquidity, we may see things move a little faster.”
However, the Bitcoin trajectory remains tied to broader monetary policy, analysts added. He said that US Federal Reserve cuts in May or June would “sending more money into the system and pushing Bitcoin faster.”
Half is a built-in feature of the Bitcoin network that guarantees the scarcity of Bitcoin, considered one of the definitional financial characteristics of BTC.
Related: Crypto, Stocks enter “new stages of trade war” as tensions grow between the US and China
ETFs and engines burn faster cycles with fuel
According to Vugar Usi Zade, Chief Operating Officer of Bitget Exchange, institutional adoption and Bitcoin Exchange Trade Funds (ETFs) may contribute to a shorter market cycle.
Continuous institutional purchases, including Bitcoin ETFs combined with the scarcity of Bitcoin, could accelerate to new highs for Bitcoin, he told Cointelegraph.
“As the rise in rarity caused by half, Bitcoin could retest its all-time highs if it violates the $90,000 mark in the coming weeks,” Usi Zade said. “Harving offers a good foundation for growth based on demand and rarity, but the timeline of price impact varies over time.”
He noted that Bitcoin’s growth is closely linked to traditional financial markets and investor sentiment.
Related: Bitcoin’s speculative appetite decreases as investors seek safety
Bitcoin signaled an accelerated market cycle, reaching a new all-time high of over $109,000 on January 20th, 273 days after half of Bitcoin in 2024.
In comparison, it took 546 days to reach an all-time high half of 2021 and half of 2017, according to data shared by the popular Crypto Trader Jelle on the X-Post on April 8th.
https://www.youtube.com/watch?v=kqzhvt77xkw
Magazine: Hiz’s Bitcoin odds in June, Sol’s $485 million leak, etc.: Hodler’s Digest, March 2-8
