As the bitcoin halving event approaches, analysts delve into its supply impacts, emphasizing the gradual changes in supply dynamics and the role of traditional financial institutions in shaping bitcoin's future. Scheduled to occur this week, the halving is anticipated to boost bitcoin's price by reducing supply and increasing demand, marking a pivotal moment for the cryptocurrency industry amidst institutional involvement.
Altcoins are poised to react uniquely to the 2024 halving, with factors like tokenomics and technology influencing their performance. Analysts' perspectives vary, with some turning bearish on risk assets like cryptocurrencies, while others foresee bitcoin's recent rally as just the start of a potential sustained bull market driven by limited supply and growing demand from new investment products.
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