Analyst: Institutional Entry and Future Rate Cut Expectations May Propel Bitcoin Higher

BlockBeats News, April 20th, according to Cointelegraph, the 2024 Bitcoin halving will reduce the block reward from 6.25 BTC to 3.125 BTC. Despite escalating concerns about global trade wars, data shows that BTC has risen over 33% since April 2024.

Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, said, "Although Bitcoin has shown resilience, I believe past experiences, current economic uncertainty, and selling pressure in the market still make investors stay on the sidelines, waiting for clearer entry signals. Investments from institutions such as Strategy and Tether could accelerate Bitcoin's traditional four-year halving cycle. Bitcoin's trend is still closely related to broader monetary policy." He stated that a Fed rate cut in May or June could "inject more funds into the system, thus propelling Bitcoin to rise faster."