In anticipation of the upcoming Bitcoin Halving event, which is expected to occur later this month, Marathon Digital CEO Fred Thiel believes that the price impact may already be factored into the market to a certain extent. Thiel shared his insights in a recent interview with Bloomberg, in which he discussed the potential catalysts for further price increases and their implications for the mining industry. Related Reading: From Hat To Heights: Dogwifhat’s $17 Crypto Leap Electrifie Investors Bitcoin Halving Impact Mitigated By ETF Surge? The “halving” event, a software code update that occurs approximately every four years, is often regarded as a key driver of Bitcoin’s price appreciation. The update will reduce the block reward for miners by half, meaning they will receive fewer Bitcoins as a reward for validating transactions on the blockchain. However, Thiel noted that the impact of The Halving may not be as significant this time, as the recent approval of Bitcoin exchange-traded funds (ETFs) has already attracted substantial capital to the market. Thiel explained: The ETF approval, which has been a huge s ..
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