{"id":30975,"date":"2024-04-07T19:32:32","date_gmt":"2024-04-07T19:32:32","guid":{"rendered":"https:\/\/icoinmarket.com\/why-its-a-buy-signal-for-investors\/"},"modified":"2024-04-07T19:32:32","modified_gmt":"2024-04-07T19:32:32","slug":"why-its-a-buy-signal-for-investors","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/why-its-a-buy-signal-for-investors\/","title":{"rendered":"Why It’s a Buy Signal for Investors"},"content":{"rendered":"
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On April 20, Bitcoin will undergo its anticipated halving. This four-yearly occurrence slashes mining rewards by half, with the upcoming one reducing rewards to 3.125 BTC per block. <\/p>\n
The timing of the halving is particularly intriguing as it unfolds amidst a bullish trend in Bitcoin\u2019s price. Analysts anticipate this halving could substantially influence Bitcoin\u2019s trajectory in the coming years.<\/p>\n
Is Now the Best Time To Buy Bitcoin?<\/h2>\n
Bitcoin surged by 67% in the initial quarter of 2024, driven predominantly by heightened demand for Bitcoin exchange-traded funds (ETFs). The substantial price growth already experienced now prompts discussions regarding the potential impact of Bitcoin halving.<\/p>\n
Some analysts argue that Bitcoin remains undervalued, foreseeing a potential climb to $100,000 within the year. The remarkable performance of the asset thus far, coupled with anticipated rate cuts from the Federal Reserve, renders this projection plausible.<\/p>\n
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\u201cWe could see a brief correction, but as central banks ease up on monetary policy, that should drive both direct Bitcoin sales and ETFs because Bitcoin tends to behave like a tech stock or speculative asset, which generally see gains around easing of monetary policy. My estimate is that Bitcoin could reach anywhere from $100,000 to $150,000 in 12 to 18 months post-halving,\u201d Jason Fernandes, co-founder at AdLunam told BeInCrypto. <\/p>\n<\/blockquote>\n
Conversely, other experts suggest that the market has already factored in the halving. Yet, with Bitcoin\u2019s supply poised to decrease and Bitcoin ETF-driven demand steadily rising, some view the current juncture as opportune for Bitcoin investment.<\/p>\n