Another pronounced bull run for Bitcoin is coming in 2024 when the world’s largest cryptocurrency goes through another halving, according to Thailand’s largest digital-asset exchange.
Halving occurs every four years, slowing the rate at which new tokens are created. Some argue it leads to Bitcoin price gains, a topic of much debate.
Jirayut Srupsrisopa, chief executive officer of Bitkub Capital Group Holdings, said past trends suggest a“golden period” for Bitcoin — and cryptocurrencies more generally — in 2024-2025, six months after the next halving.
But first digital tokens may endure a short period of “corrections” and “high volatility” as tightening liquidity is squeezing fund inflows, especially from retail investors, he said.
