The crypto community is highly anticipating the next Bitcoin halving, estimated to occur on April 19, 2024. Bitcoin halving is an event that happens every four years, reducing the supply of freshly minted BTC entering the crypto market. 

This reduction in the amount of available tokens will create a scarcity that could drive up the price of Bitcoin (BTC), providing demand remains constant or continues to increase. Also, following the halving, the miner's rewards are slashed by half. The last Bitcoin halving occurred on May 11, 2020, where the block reward was divided by two to bring it to 6.25 BTC. The upcoming halving will further divide the current reward by half, resulting in a 3.125 BTC block reward for miners validating transactions on the network. 

While investors and the crypto market are gearing for the massive uptrend in price, speculated to follow the halving, it is crucial to take caution. This is because, according to past Bitcoin halving events, there was a large inflow of Bitcoin (BTC) in the months following the halving due to miners' massive sell-offs. 

Bitcoin Halving Will Not Trigger Immediate Price Rally

On April 13, in an X (formerly Twitter) post, Markus Thielen, head of research at 10x Research, speculated that after the halving, there could be a potential liquidation of up to $5 billion in Bitcoin (BTC). Markus further explained that the massive sell-offs could last for 4-6 months, which would make the price of Bitcoin (BTC) erratic months after the halving events based on past cycles. The head of research believes Bitcoin (BTC) won't see an explosion in price until October 2024 if history repeats itself. 

Marathon, the world's largest Bitcoin miner, has shared the same sentiment with Markus, as its CEO Fred Thiel has also predicted that there would likely be no significant price movement until six months after the halving. 

Bitcoin (BTC) is the largest cryptocurrency in the industry, having over 50% market dominance. Therefore, significant price changes in the token often affect the crypto market positively or negatively, which is why its price movements are important to the crypto industry.

However, while these predictions are based on previous trends, it is vital to consider volatility as a major factor affecting the price of cryptocurrencies. So, this makes it hard to know what the price of any asset will be at a particular period. As an investor, always research before investing in any crypto asset. 

ETFSwap (ETFS): The Key To Maximizing Profits In the Upcoming Bull Run 

ETFswap (ETFS) is a blockchain platform bridging DeFi with traditional finance by tokenizing exchange-traded funds (ETFS). The tokenized ETFs will directly represent the traditional ETFs on-chain, making it possible for investors of all portfolio sizes to invest in real-world assets like precious metals, real estate, and commodities. 

Traders can access these tokenized ETFs on a comprehensive web3 marketplace designed to accommodate experts and newbies with little or no experience in trading. ETFswap (ETFS) will also feature fractional ownership, enabling users to amplify their portfolio and boost their earnings with up to 10x leverage on trading. 

The platform will also include seamless swapping and staking, which will help users who hold its token earn passive income. ETFS, the platform’s native token, holds the key to entering this incredible ecosystem filled with potential and trading tokenized ETFs. Currently, the only way to get this token is in the ongoing stage 1 presale event, where ETFswap (ETFS) offers the token at $0.00854 per coin. 

As the Bitcoin halving is fast approaching, profit is assured for all who buy this token at stage 1 because stage 2 will be offered at $0.01831. Also, experts speculate that the token will hit the $1 mark soon, surging by 10,000% from its presale price. 

The optimistic outlook by experts and ongoing presale, which has seen the sale of over 18.8 million tokens, shows investors are impressed by its ecosystem.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclaimer: Cryptocurrency investment is a high-risk activity in a volatile market. Any financial and crypto market information in this article is for informational purposes only and should not be treated as investment advice. Conduct your research and consider consulting financial experts before making any investment decisions.