Bitcoin is based on blockchain computer technology and is the most famous cryptocurrency in the world. It was created in 2009 by the mysterious techno-financial engineer Satoshi Nakamoto. Since then, it’s seen rapid worldwide expansion and, most importantly, exponential rate growth up to thousands of dollars. Yet even though it’s possible to buy bitcoins legally, no valid currency exchange status has been set for the cryptocurrency.
The Bitcoin ‘halving’ ( or ‘halvening’ as some say) is an event that takes place in the Bitcoin network roughly every four years, where the newly issued (or mined) bitcoin is cut in half, reducing oncoming supply. At a point near the year 2040, the total supply of 21 million bitcoin will be mined, and no more new supply will become available to the market.
Continue readingThe cryptocurrency world is buzzing about a major event involving the largest cryptocurrency by market capitalisation, bitcoin. What is it and what are the potential market implications? Halving bitcoins: what is it and how does it work? In a few days, on 20 April, the fees for mining new bitcoins will be halved (halving). This mechanism occurs about every four years and serves to gradually limit the circulation of new bitcoins, which would tend to inflate the asset. The creation of new bitcoi ...
Continue readingOne of the biggest events in crypto this year is the much anticipated ‘bitcoin halving’, which is expected to take place in just a few short weeks. Historically, this stage of bitcoin’s market cycle has led to extremely positive price action for investors.
Continue readingIn mid-April, the cryptocurrency world will be affected by a major event: the so-called 'halving' of bitcoin. But what is it, and what could it mean? A limited number of minable bitcoins Bitcoins can be seen as a speculative asset. You only have to look at its price history, which is made up of steep rises and sudden falls. However, those who argue that it is an investment that can somehow protect against inflation have one argument in their favour: the fact that Satoshi Nakamoto, the ...
Continue readingAfter a strong performance in 2023, bitcoin rose 157% over the year, and an eventful January 2024 with the launch of 11 spot bitcoin Exchange-Traded Funds (ETFs) in the US, the signs are looking positive for cryptocurrencies. Looking toward the remainder of the year we note that many bullish catalysts are already in place and could push the price of cryptocurrencies up.
Continue readingThe world's most widely traded cryptocurrency, bitcoin, has experienced a bullish cycle in recent months that has seen its price rise an astonishing 44% in the last month alone, and 140% over the last six months. But how can this extraordinary growth be explained? Bitcoin towards $62,000 Not since November 2021 have we seen such results for bitcoin: the price of the cryptocurrency has surpassed the $60,000 mark and is now targeting the $62,000 mark. The race was temporarily halted when the ...
Continue readingBitcoin temporarily surpassed $50,000 and then fell below that threshold, but the trajectory it describes, and which many analysts are predicting, seems likely to be upward, at least in the short term, due mainly to two elements. Can the price of bitcoin exceed $50,000 for good? Yesterday (13 February), bitcoins crossed the $50,000 mark, only to fall back to over $49,600 in the same hours. As many analysts have noted, this is the highest price in the last three years. According to analysts, th ...
Continue readingOnce a pioneer as a regulated closed-end fund providing access to bitcoin, the US based Grayscale Bitcoin Trust (GBTC) is seeing its grip on the bitcoin fund market slip away. At its height, the fund oversaw 43.6bn in assets under management but the advent of physical bitcoin exchange-traded products (ETPs), listed in Europe in 2019, was the first step in a series of events that now has investors seeking the exit door.
Continue readingThe recent approval of spot ETFs on bitcoin in the US has left many investors wondering whether they can invest in similar products in Europe. Compare ETCs and ETFs Exchange Traded Commodities (ETCs) are the type of financial products that allow investors in Europe to invest in bitcoins without physically owning them. Although they are passive instruments, they are different from Exchange Traded Funds (ETFs): ETCs focus on the price of individual commodities or assets, while ETFs comprise a po ...
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