During a panel discussion at the Swan Pacific Bitcoin festival, industry experts debated the significance of the Bitcoin halving event on the cryptocurrency’s price. Marathon Digital CEO Fred Thiel and Swan CIO Ralph Zagury argued that liquidity, rather than the halving, is the main driver of Bitcoin’s price. They believe that the halving has little impact on price and that market flow is what truly influences the market. However, Swan product manager Andy Edstrom disagreed, stating that the halving still has a bullish effect on price, although its magnitude may be debatable. The panelists agreed that while the halving may have some psychological impact, its influence is diminishing over time. They also discussed the importance of liquidity as a future catalyst for Bitcoin’s price. Overall, the panelists expressed positive long-term bullish perspectives for Bitcoin’s value.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Fred Thiel, Ralph Zagury, Andy Edstrom, Nik Bhatia |
| Companies | None |
| Currencies | Bitcoin |
| Securities | None |
