The fourth bitcoin halving is imminent, but it’s already looking very different from previous cycles.
Already a subscriber?The flood of billions of dollars in institutional money in the bitcoin market in the months leading up to the digital currency’s next halving could alter the impact of the landmark events going forward, according to Australian crypto traders.
“In the lead-up to previous halving, the bitcoin price was around 30-40 per cent below its all-time high. But this time it’s only just below its all-time from a month or so below,” he said.“That’s really because of the ETF impact and the event has become much more widely known to investors – we’ve seen in our conversations from family offices and individual investors.”
The strong run in the first quarter helped propel bitcoin-holding funds to chart some of the strongest returns – compared to more traditional investment strategies – according to data from Morningstar.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Westpac bank introduces new fraud tactic to save Australians millions in crackdown on scams7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Stonepeak: How two Australians rode the $1.5 trillion infrastructure waveStonepeak founders Michael Dorrell and Trent Vichie started investing in the asset class in the early 2000s. The group nearly didn’t survive but is now a colossus.
Read more »
Migraine affects 4.9 million Australians — there are calls for it to be recognised as a disabilityAn estimated 4.9 million Australians battle through the debilitating pain of migraines. But despite estimates the condition costs the national economy billions each year, a leading researcher says there's far from enough funding or support.
Read more »
Curaçao urged repeatedly to crack down on online casinos targeting AustraliansMany of the 1,000 gambling sites blocked by Australia’s watchdog were licensed on the Caribbean island, which has become a casino hub due to limited oversight
Read more »
Tax office criticised for resurrecting old debts worth billions and causing Australians distressTwo federal ombudsmen have joined forces to launch a scathing review of the Australian Tax Office and call on government agencies to act more fairly when they chase people for debts.
Read more »
If Australians want more homes built, more migrant workers are neededA grand target for residential dwellings to be built in Australia will require more workers, but where will they come from?
Read more »