“The recent Bitcoin halving on Friday could herald a significant increase in its value,” – an expert began his analysis of the cryptocurrency market situation. Occurring approximately every four years, the halving event cuts the reward for mining new blocks in half, theoretically leading to a reduction in the supply of new coins.

Analysts note that after each previous halving, there was a significant rise in Bitcoin’s price. This time, in addition to the reduced supply, the price could be further influenced by increased institutional demand, especially following the launch of Bitcoin ETFs, a new development this year.

The expert emphasized that despite optimistic forecasts, investing in cryptocurrencies is always associated with high risks. He added, “This is a long-term play, and only time will tell how successful it will be.” He also reminded that historical data do not guarantee future results, but they can provide insight into potential trends.