Bitcoin supporters looked forward to the highly anticipated halving occasion on April 20th. In response, there was increased action on the Nasdaq stock exchange involving Bitcoin mining companies. As the halving approached, investors prepared for possible industry upheavals, leading to a significant increase in share values for some major players. Every four years, the halving … Read more
Matt Hougan, the chief investment officer at Bitwise Asset Management and well-known manager of crypto index funds, believes that the upcoming Bitcoin halving presents an opportunity for investors. Based on historical data, he mentioned in a recent interview with CNBC that post-halving price increases have typically occurred. Every four years, Bitcoin undergoes a process called … Read more
Peter Schiff, who is well-known for his skepticism towards cryptocurrencies, took to social media platform X to poke fun at Bitcoin enthusiasts after the latest Bitcoin halving. He jokingly praised Bitcoin owners for their achievements and inquired if they were planning any celebrations. “Bitcoin enthusiasts, congratulations on the halving! Are any of you celebrating with … Read more
In an important milestone, the creation of Bitcoin‘s 840,000th block signified the fourth occurrence of a halving event. Consequently, the compensation given to miners for their efforts was reduced by half to approximately 3.125 BTC. Users of Bitcoin invested 37.67 Bitcoins, equivalent to around $2.4 million, as fees to secure a position on an extremely … Read more
BlackRock’s iShares Bitcoin Trust (IBIT) has taken the lead among Bitcoin funds globally, surpassing Grayscale’s Bitcoin Trust (GBTC). Bloomberg reports that IBIT’s assets have been growing rapidly due to increased investment, largely because of its lower fee structure at 0.25% per year. Consequently, the gap in asset size between the two trusts has narrowed to … Read more