Halfway through 2023, 3 major things you need to know

👏🏻Applause to all crypto fans who have been through the first half 2023. Even though the cryptocurrency market leader, Bitcoin (BTC), experienced a significant comeback with returns of up to 83% in the first half of the year, overturning the major downturn of over 60% from the previous year, what lies ahead for its future? We summarize three major points that you should know:

1. Financial Institutions Eager to Launch Bitcoin ETF

The recent applications for a Bitcoin Spot ETF by major financial institutions worldwide, such as Blackrock, Fidelity, and Deutsche Bank, have caused considerable market turbulence. Global investors have been closely monitoring the situation, waiting to see if the SEC of the United States will approve the ETF. If it gets the green light, billions of dollars from institutional funds could be poured into the cryptocurrency market. Investors can keep track of the latest news on Bitcoin ETFs and weekly cryptocurrency updates from Bitazza Content Hub📚

2. Countdown to Bitcoin Halving

Bitcoin Halving is a mechanism that reduces the mining reward by half when 210,000 blocks are mined on the Bitcoin network. In this event, the block reward for miners is cut in half.

It is not wrong to say that Bitcoin Halving is one of the most significant events in the crypto world and is expected to occur next year (2024). It is expected to have a significant impact on the price of Bitcoin. In the past, Halving had a significant impact on the price fluctuations of the coin. This is due to the reduction in the block reward, which makes Bitcoin production more difficult and costly, increasing its value. Simply put, the harder it is to obtain, the more valuable it becomes.

3. Cryptocurrency Could ‘Revolutionize Finance’

With Cryptocurrency’s unique characteristics of decentralization, secure and transparent. This underlying technology could revolutionize finance in ways that were previously unimaginable. As adoption and understanding grow, it may not be far-fetched to envision a future where Bitcoin and other cryptocurrencies play a significant role in shaping the global financial landscape.

*Cryptocurrency is highly risky; investors may lose all investment money. Investors should study information carefully and make investments according to their own risk profile.

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