renewed its record price in 2024, propelled by the halving event which cut the issuance of the leading cryptocurrency in half over the past weekend, alongside the approval of the bitcoin spot ETF by the Securities Exchange Commission (SEC, the U.S. CVM). While the price of bitcoin is currently tied to the global liquidity situation determined by the U.S. interest rate, the approval of the spot ETF marks a significant milestone in recognizing bitcoin as a store of value.
Thales Freitas, CEO of the Mexican exchange Bitso, shared this perspective during a conversation with Investing.com Brasil at the Web Summit Rio on Wednesday (17th). He reflected on Bitcoin’s historical journey before the halving, noting differences in this year’s trajectory. Freitas also offered insights into what to expect from Bitcoin and other cryptocurrencies during the ongoing bull cycle, highlighting a…
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