Insights from Key Industry Leaders

The Bitcoin Halving Countdown: Insights from Key Industry Leaders on the Upcoming Event


The highly anticipated Bitcoin halving is around the corner. This event is expected to happen on either the 19th or 20th of April, when block 840.000 will be mined. The anticipation towards this event, which happens once every four years, is one of the main driving forces behind the price surges of crypto over the past months. 

To gain insights into the upcoming halving, we interviewed key industry leaders who shared their perspectives on how this event might shape the future of crypto. These influential people shared their expert opinions on things such as Bitcoin’s price and adoption in the post-halving period.

Let’s get into their views!

Crypto market leaders’ thoughts

David Duong

Head of Institutional Research

<a href="https://www.coinbase.com/">www.coinbase.com</a>

Market forecast

BTC sentiment is high


Historical Context & Future Outlook


Market Dynamics

Lennix Lai

Lennix Lai

Global Chief Commercial Officer

<a href="https://www.okx.com/">www.okx.com</a>

Market forecast

Further market growth


Historical Context & Future Outlook


Market Dynamics

Tristan Dickinson

Tristan Dickinson

Head of Marketing & Communications

<a href="https://www.dydx.foundation/">www.dydx.foundation</a>

Market forecast

BTC may reach $100,000


Historical Context & Future Outlook


Market Dynamics

Ruslan Lienkha

Ruslan Lienkha

Chief of Markets

<a href="https://www.youhodler.com/">www.youhodler.com</a>

Market forecast

BTC may reach $100,000


Historical Context & Future Outlook


Market Dynamics

Lukas Enzersdorfer-Konrad

Lukas Enzersdorfer-Konrad

Deputy CEO

<a href="https://www.bitpanda.com/en">www.bitpanda.com</a>

Market forecast

More investors may enter the market


Historical Context & Future Outlook


Market Dynamics

Gracy Chen

Gracy Chen

Managing Director

<a href="https://www.bitget.com/">www.bitget.com</a>

Market forecast

BTC may reach $100,000


Historical Context & Future Outlook


Market Dynamics

Alonso de Gortari

Alonso de Gortari

Chief Economist

<a href="https://mystenlabs.com/">mystenlabs.com</a>

Market forecast

BTC’s swings may smooth


Historical Context & Future Outlook


Market Dynamics

Pavel Matveev

Pavel Matveev

CEO & Co-founder

<a href="https://wirexapp.com/">wirexapp.com</a>

Market forecast

BTC investment may go up


Historical Context & Future Outlook


Market Dynamics

Dr. Han

Dr. Han

Founder & CEO

<a href="https://www.gate.io/">www.gate.io</a>

Market forecast

Crypto market may stabilize


Historical Context & Future Outlook


Market Dynamics

Matt

Matt

Founder & CEO

<a href="https://blofin.com/">blofin.com</a>

Market forecast

BTC may reach $100,000


Historical Context & Future Outlook


Market Dynamics

Narek Gevorgyan

Narek Gevorgyan

Founder and CEO

<a href="https://coinstats.app/">coinstats.app</a>

Market forecast

‘Alt season’ may come


Historical Context & Future Outlook


Market Dynamics

Bitcoin Halving Overall

The anticipation of the Bitcoin halving undoubtedly greatly impacts the current market dynamics. Historically, halvings have been followed by significant price increases, as the reduced supply of new Bitcoins tends to drive up the price if demand remains constant or increases. 

For instance, the 2016 halving saw Bitcoin’s price rise from around $650 to approximately $2,500 in the following year. 

The entry of institutional investors, especially through the introduction of Bitcoin Exchange-Traded Funds (ETFs), has brought more stability and capital inflow into the market. This influx of institutional capital is expected to support the BTC price during future corrections and drive further growth in the long term.

This shift in market composition towards a higher proportion of institutional participants, who generally have a lower risk appetite than retail investors, will likely influence Bitcoin’s valuation post-2024 halving. The strategies of institutional investors will be a determining factor in the post-halving Bitcoin market, as they do similarly to other asset classes. 

The crypto market’s behavior is also heavily influenced by external factors. The regulatory environment, economic conditions, and technological developments are perhaps the two most important external factors influencing the Bitcoin market. 

These advancements can enhance the functionality, security, and accessibility of Bitcoin, thereby influencing its adoption and market value.

The reduction in rewards can lead to increased operational costs for miners, especially if the price of Bitcoin does not increase proportionally.  Despite the influx of institutional investment into the Bitcoin market, the cryptocurrency’s volatility might remain high due to relatively lower market depth compared to traditional assets. 

Final Thoughts: The Impact of the Bitcoin Halving

This wraps up our insights from key industry leaders on the upcoming Bitcoin halving. All industry leaders agree that the upcoming Bitcoin halving will be a big event that could greatly influence the cryptocurrency ecosystem. 

Besides the halving event, the industry leaders highlight the importance of considering a range of factors, including historical data, institutional investment through ETFs, market sentiment, and economic conditions. These factors will eventually shape the future of Bitcoin and crypto in general after the Bitcoin halving.

We would like to thank the industry leaders who participated in our interview. As a sign of appreciation, we have linked the projects that participated below.

Links:

Coinbase | YouHodler | OKX | Bitget | Gate.io | Bitpanda | Wirex | CoinStats | Mysten Labs | BloFin | dYdX Foundation 

Disclaimer

In compliance with the Trust Project guidelines, this opinion article presents the author’s perspective and may not necessarily reflect the views of BeInCrypto. BeInCrypto remains committed to transparent reporting and upholding the highest standards of journalism. Readers are advised to verify information independently and consult with a professional before making decisions based on this content.  Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.



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