Bitcoin ETFs, Ordinals, and a developer renaissance mean this year’s halving cycle may not play out like the last, the crypto fund claims.
One expert suggest that Bitcoin’s 2020 cycle was “mediocre and an outlier” but the upcoming halving could catapult the asset to $280,000 before subsequently hitting $300,000.
Bitcoin will quadruple in price this cycle from whatever it trades for at the time of the halving, according to Scaramucci.
The increased selling pressure from Bitcoin miners could impact the crypto asset’s price in the short term.
Ardoino talks about his new position at Tether, the firm’s plans, Bitcoin halving and ETFs, and more.