Future

Vision

Bitcoin

Impact

April

Dubai, UAE, April 23rd, 2024, Chainwire 
In a riveting panel discussion hosted by <a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">Bybit</a>, one of the world’s top three crypto exchanges by volume, key figures from the crypto industry gathered to <a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">discuss crypto and global finance</a>. 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&nbsp; 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."&nbsp;
<a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">Watch the livestream here.</a>
#Bybit / #TheCryptoArk
//ENDS
<h5>About Bybit</h5>
<h5>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.</h5>
<h5>For more details about Bybit, please visit <a href="https://www.bybit.com/en/press" rel="noopener noreferrer nofollow" target="_blank">Bybit Press</a>.&nbsp;</h5>
<h5>For media inquiries, please contact: <a href="mailto:media@bybit.com" rel="noopener noreferrer nofollow" target="_blank">media@bybit.com</a></h5>
<h5>For more information, please visit: <a href="https://www.bybit.com/" rel="noopener noreferrer nofollow" target="_blank">https://www.bybit.com</a></h5>
For updates, please follow: <a href="https://www.bybit.com/en-us/promo/global/communities/" rel="noopener noreferrer nofollow" target="_blank">Bybit's Communities and Social Media</a> 
<h5>Contact</h5>Nathan Thompson Nathan@bybit.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Decoding Bitcoin's Future: Bybit Insights on Halving, ETFs, and Macro Shifts (23 Apr)

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