Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In
Summary
Marathon Digital CEO Fred Thiel believes the impact of the upcoming Bitcoin Halving event may be mitigated by the recent surge in Bitcoin exchange-traded funds (ETFs). While the halving is expected to reduce daily supply, Thiel suggests the price impact may be modest due to ETF inflows. Historical data indicates significant growth potential leading up to the halving, with past events resulting in substantial price surges. Despite the influence of ETFs, market pundits have set price targets for Bitcoin at $100,000 during this bull run. BTC is currently trading at $68,400.
