Bitcoin (BTC) is currently striving for a sustained rally as it seeks a new all-time high following a period of volatility at the beginning of the year. Notably, Bitcoin has set its sights on the $50,000 mark, with market players highlighting the recently approved spot exchange-traded fund (ETF) and the upcoming halving as key catalysts.
In this context, Hunter Horsley, the CEO of the crypto index fund manager Bitwise Invest, suggested that 2024 is poised to unveil the true valuation of Bitcoin in the capital markets.
In an X (formerly Twitter) post on February 9, Horsley noted that the advent of Bitcoin ETFs has significantly altered the landscape of Bitcoin pricing, allowing a broader market participation that was previously limited.
“Forget what you knew about Bitcoin’s price. In 2024, we’re going to discover how the full capital market actually values Bitcoin,” he said.
According to the executive, the market has entered a new era of Bitcoin price discovery, noting that
We współpracy z: https://finbold.com/bitcoin-market-structure-started-to-change-heres-why-its-important/
