Is Bitcoin price paving the way for next halving?

Bitcoin as well as other cryptocurrencies rallied on Thursday. The most famous cryptocurrency has reached 18-month highs, with analysts expecting more upside if digital assets continue their momentum. At the time of writing, Bitcoin is trading at $36090.

The next bitcoin halving in April is expected to reduce the issuance rate from $234,248.37 to $117,124.18 per block, impacting the price of bitcoin. There is also anticipation of a bitcoin spot ETF approval by the Securities and Exchange Commission by the end of the upcoming winter.

Bitcoin’s price has historically surged during each halving period, driven by inflows from institutional capital, financial products, and a growing user base. The approval of a spot bitcoin ETF will likely have the most significant impact on bitcoin’s post-halving price, as it now behaves like an uncorrelated asset.

There are various financial instruments and approaches investors can leverage to capture the bitcoin price action, including directly buying bitcoin, stock in bitcoin mining companies, or investing in bitcoin ETFs.

The number of bitcoin miners is increasing globally due to its role in renewable energy initiatives, energy grid stabilization, and rural electrification.