Marathon CEO Says BTC Halving Already Included in Crypto Price

The upcoming halving of Bitcoin’s rewards for miners has already been taken into account to some extent in the current upward trend, according to Marathon CEO Fred Thiel in an interview with Bloomberg.

In Thiel’s view, the approval of spot ETFs based on the first cryptocurrency has been a major success, bringing in new capital to the market.

As a result, prices have risen and the same trend has been historically observed three to six months after a halving.

Thiel further stated that the halving will lead to a decrease in the supply of Bitcoin by approximately 450 coins per day, which may have a small impact on prices.

However, he expressed excitement about the possibilities of the event, as past halvings have typically resulted in price increases.