Bitcoin Will Surpass $50,000 Before Halving, Expert Says
Bitcoin saw an increase to $46,457 on Friday, with altcoins also experiencing strong growth as capital returns to stock markets.
Investor confidence improved following the International Monetary Fund’s announcement of a gradual recovery for the global economy.
The impact of local political and financial crises on global processes is diminishing, leading to an increase in activity in the manufacturing sector and the restoration of supply chains.
According to Caroline Mauron, co-founder of Orbit Markets, the strengthening of Bitcoin is a sign of a positive trend globally. The launch of spot Bitcoin ETFs in the US reflects the growing interest of institutional investors in the digital currency market.
In just one month, crypto ETFs have attracted $8 billion, while outflows from the GBTC trust have decreased to $6 billion. Mauron predicts that Bitcoin’s price will reach $50,000 before the upcoming halving in April.