Decoding Bitcoin’s Future: Bybit Insights on Halving, ETFs, and Macro Shifts

chainwire

In a riveting panel discussion hosted by Bybit, one of the world’s top three crypto exchanges by volume, key figures from the crypto industry gathered to discuss crypto and global finance.

The panel, which included Bybit’s Hao Yang, OKX’s Lennix Lai, and Willis Croft of Wintermute, explored the impact of Bitcoin halving, the influence of institutional investments, and the significance of macroeconomics.

The  Impact of Bitcoin Halving

Historically, Bitcoin halvings have spurred significant price surges. However, this influence is showing signs of decline. “I think the magnitude of the halving being a catalyst for upward price movements is lessening,” said Hao Yang of Bybit. “The total amount of circulating bitcoin will arrive at 21 million via a non-linear curve. That means the impact from halvings altering the supply side will be less as the total circulating amount of bitcoin increases.”

Institutional Entry through ETFs

The introduction of Bitcoin ETFs marks a pivotal shift, heralding an era of institutional participation. Lennix Lai of OKX highlighted the transformative role of ETFs: “Post ETF, we opened the floodgates for demand, especially the institutional money,” emphasizing the ETF’s role in mainstreaming Bitcoin investments among traditional financial players.

Macroeconomic Influences and Market Maturation

All panelists concurred that macroeconomic factors now exert a more pronounced influence on Bitcoin than halving events. Willis Croft noted the broader economic integration, “The market is changing. I always thought that the last link for a real mature crypto ecosystem is to bond with the real world economy… And once we started tokenizing other stuff on chain, we will see a huge efficiency improvement to the old system.”

Vision for the Future

The participants agreed that more traditional financial entities are engaging with crypto. Lennix Lai observed, “We’re seeing very traditional, legacy business in the securities market or commodity trading… directly trading or interacting with crypto — that’s unique.”

Watch the livestream here.

#Bybit / #TheCryptoArk

//ENDS

About Bybit
Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Disclaimer: The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute investment or financial advice or an offer to invest.

Read this next

Digital Assets

SEC apparently approved Ether ETF as VanEck’s listed by DTCC

Amid increasing speculation about the possible approval of a spot Ether (ETH) exchange-traded fund (ETF) in the United States, global investment manager VanEck’s ETF has been listed by the Depository Trust and Clearing Corporation (DTCC) under the ticker symbol “ETHV.”

blockdag

Unlocking Investment Potential: Introducing MoonBag Presale, the Cryptocurrency Set to Surpass ApeCoin and Bitbot

Discover MoonBag Presale, the cryptocurrency set to surpass ApeCoin and Bitbot. Unlock your investment potential now!

Fintech

Playtech sees promising growth despite dispute with Caliplay

Gambling technology group Playtech plc (LSE: PTEC) reported solid financial results for the four months to April 30 as B2B growth and Snaitech’s record performance pushed it towards large gains in revenue.

Chainwire

Multipool Launches LBP on Fjord Foundry Raising $200k in 24 Hours

Multipool, a leading innovator in the blockchain and cryptocurrency industry, launched their Fjord Foundry LBP on May 21st, raising $200k in the first 24 hours.

Chainwire

$BEER, a New Solana-Based Memecoin completes Pre-Sale of 30,000 SOL this week

The Liquid Gold, $BEER, has become the most discussed topic on Solana over the past two weeks. $BEER has skyrocketed into Twitter trends across Europe & Asia, captivating beer lovers worldwide.

Digital Assets

Hong Kong regulator orders Worldcoin to cease operations over privacy concerns

Hong Kong’s privacy regulator has ordered Worldcoin Foundation to cease all operations of its cryptocurrency project in the city, citing risks to privacy and personal data.

Inside View

MT4 vs MT5: Which Should You Choose for Crypto Trading?

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are two sophisticated trading platforms developed by MetaQuotes Software. Although MT4 is the more widely adopted choice, traders must determine which platform is better suited for them and understand the reasons behind this choice. Here’s everything you need to know.

Digital Assets

Intentable.io Launches Intent-Centric Architecture and Marketplace

Discover how Intentable.io, formerly Kiroboflow, is revolutionizing blockchain interactions with its Intent-Centric Architecture and new marketplace for intent-based strategies.

Digital Assets

Crypto ETFs, retail trading spike as Bitcoin nears record highs

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, saw a record amount of cash injection after a quiet few weeks of net outflows. The healthy metrics came as bitcoin briefly traded above the $71,000 level for the first time in a month.

<