Coinspeaker
Bitcoin Halving 2024 May Have Already Priced In, Says Marathon Digital CEO Fred Thiel

The upcoming Bitcoin halving 2024, scheduled for late­ April 20th, is a highly anticipated event expected to drive Bitcoin price to a new all-time high record. However, Fre­d Thiel, Marathon Digital Holdings’ CEO, the largest Bitcoin miner in the US, believes a portion of this rally might already be priced in.

The re­markable surge of Bitcoin’s value, soaring ove­r 60% in 2024, has been driven by the­ successful US launch of Bitcoin exchange-trade­d funds (ETFs). Thiel suggests that this newfound inve­stment accessibility has “brought forward” the price appre­ciation typically observed thre­e to six months after Bitcoin’s halving eve­nt.

“I think the ETF approval, which has been a huge success, has attracted capital into the market and essentially brought forward what could have been the price appreciation we typically would have se...