Bitcoin Hits Record Highs; ETFs, Halving Could Trigger Surge

Share on Facebook Share on Twitter

In Brief

Bitcoin has recently hit its highest weekly, monthly, and quarterly closing prices. Given the upcoming halving and the introduction of ETFs, this could be an indication of an impending price increase. Historical data suggests that Bitcoin has risen by at least 300% in the past following similar events. But what does this mean for investors and the market in general?

A Look at Recent Developments

The year 2024 could be a pivotal year for Bitcoin. With the introduction of ETFs and the upcoming halving, Bitcoin has reached significant milestones. Anthony Pompliano, a well-known investor and podcaster, recently pointed out on CNBC that Bitcoin has hit key highs in closing prices ahead of the halving. This development underscores Bitcoin’s volatility, which continually attracts speculators looking to bet on market movements.

Bitcoin from Different Perspectives

Bitcoin is perceived differently by various investors. Some see it as a risky asset, while others view it as a hedge against inflation or as a store of value. The designation of Bitcoin as “digital gold” has contributed to its perception as a protection against the depreciation of traditional currencies. However, Pompliano stressed that the true impact of these developments will only be recognizable in retrospect.

The Upcoming Halving

The halving is an event that occurs every four years and reduces the daily Bitcoin output from 900 to 450. This reduction in supply, combined with a potential increase in demand due to the approval of ETFs, could lead to a significant price increase. Pompliano pointed out that Bitcoin has risen by at least 300% in the past following similar milestones.

Our Assessment

The recent developments around Bitcoin, especially the high closing prices and the upcoming halving, provide reason for optimism. The historical data suggesting a significant price increase following such events reinforces this optimism. However, investors should remain cautious and keep in mind that cryptocurrency markets are volatile and unpredictable. It is important to stay well-informed and make investment decisions based on thorough analysis.

Sources:

– AMBCrypto
– CNBC

Share on Facebook Share on Twitter

The 3 best cryptocasinos

Up to 1 BTC + 100 Free Spins
Welcome bonus
BETSFTD
99 /100
Excellent
Cryptocurrencies (12)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x bonus
40x free spins winnings
Minimum deposit 20 USDT or equivalent
Maximum bet 2 USDT
Bonus validity 30 days to claim
14 days to wager
  • Max bonus: 1 BTC • 150 BCH • 17 ETH • 333 LTC • 600,000 DOGE • 30,000 USDT • 42,857 XRP • 428,571 TRX • 100,000 ADA • 125 BNB • 30,000 BUSD • 30,000 USDC
  • Maximum bet per round: 0.000066 BTC • 0.01 BCH • 0.0011 ETH • 0.02 LTC • 40 DOGE • 2 USDT • 2.8 XRP • 25 TRX • 6.6 ADA • 0.008 BNB • 2 BUSD • 2 USDC • 3 CAD
  • Free spins are credited on “Max Miner” by Gamebeat.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 4. April 2024
Curaçao License
Curaçao
Licence
100% up to 1 BTC
Welcome bonus
99 /100
Excellent
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • Max bonus amount: 1 BTC/10 ETH/10,000 USDT/10,000 USDC/100 BCH/200,000 TRX/35,000 ADA/150 LTC/125,000 DOGE
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Miguel Díaz Ocampo on 18. April 2024
Curaçao License
Curaçao
Licence
100% up to 1 BTC + 100 Free Spins
Welcome bonus
KC100
99 /100
Excellent
Cryptocurrencies (9)
  • Bitcoin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • tron-logo
Empire.io review
Bonus Information Empire.io
Wagering requirements 40x bonus
40x free spins winnings
Minimum deposit 20 USDT
Maximum bet €5 per round
Bonus validity 10 days to claim
Bonus currency USDT, ETH, Doge, TRX, BUSD, LTC, XRP or BNB
  • Max bonus: 1 BTC / 10,000 USDT / 10 ETH / 130,000 DOGE / 35,000 TRX / 10,000 BUSD / 120 LTC / 20,000 XRP/ 40 BNB.
  • Switch your wallet to mBTC (μBTC), USDT, ETH, DOGE, TRX, BUSD, LTC, XRP or BNB to use the offer.
  • The free spins are given on Sweet Bonanza.
How did we rate this casino

We absolutely recommend Empire.io since it has one of the best crypto teams we know behind it. On top of that, it offers an extensive selection of slots and live games. The bonus is also exceptional with good conditions.

Author & Responsibility: Gregor Ziegler
Last update by Isabella Brown on 22. April 2024
Curaçao License
Curaçao
Licence

Latest News

Created by

I have enjoyed following the international iGaming industry since my first encounter at the age of 23. Fascinated by its diversity and complexity, I was hooked and have never left the industry since. Here at KC, I am a proud member of the founding team as well as the content team. We use everyone's knowledge to find every possible flaw in a casino so you can relax and play.
Reviewed by
Nerd of Numbers

Last update: 3. April 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.
CoinKings.io - 100% unlimited Uncapped bonus for new customers Show Bonus
Bets.io
Up to 1 BTC + 100 Free Spins
Welcome bonus
Claim bonus