Analyst: Institutional Inflows and Interest Rate Cut Expectations May Drive BTC Upward

ChainCatcher news, according to Cointelegraph, the Bitcoin halving in 2024 will reduce the block reward from 6.25 BTC to 3.125 BTC. Despite rising concerns over the global trade war, data shows that BTC has risen over 33% since April 2024.

Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, stated: "Although Bitcoin has shown resilience, I believe that past experiences, current economic uncertainties, and selling pressure in the market still keep investors on the sidelines, waiting for clearer entry signals. Investments from institutions like Strategy and Tether may accelerate Bitcoin's traditional four-year halving cycle. Bitcoin's performance remains closely tied to broader monetary policy."

He noted that a rate cut by the Federal Reserve in May or June could "inject more funds into the system, thereby driving Bitcoin to rise faster."