Halving Impact and Macro Shifts Create Tailwinds for Bitcoin

The fourth Bitcoin halving in April reduced the new bitcoin issuance rate to 3.125 BTC every ten minutes, sparking significant interest and speculation. Since then, Bitcoin has been down from its highs, with some investors concerned that the days of higher BTC prices are in the distant future. We believe March’s new high (above $70,000) was a "head fake" driven by new spot Bitcoin ETFs. However, considering the halving event and ongoing supply/demand issues, we expect a brighter future for …