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Global survey reveals bullish outlook on next Bitcoin halving among institutional investors
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Global survey reveals bullish outlook on next Bitcoin halving among institutional investors
A new global survey conducted by Nickel Digital Asset Management, a premier digital assets hedge fund manager based in London, has highlighted a growing positivity among institutional investors and wealth managers regarding the impact of the upcoming Bitcoin halving.
Global survey reveals bullish outlook on next Bitcoin halving among institutional investors
A new global survey conducted by Nickel Digital Asset Management, a premier digital assets hedge fund manager based in London, has highlighted a growing positivity among institutional investors and wealth managers regarding the impact of the upcoming Bitcoin halving.
This event, anticipated to occur in April when the Bitcoin network reaches 840,000 blocks, is the fourth of its kind and is designed to preserve the cryptocurrency's scarcity and value by reducing the issuance of new Bitcoins.
According to the research, which involved participants from the US, UK, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates managing combined assets of around $815.5 billion, a significant majority (81%) anticipate the halving process will boost Bitcoin's price, with approximately 25% expecting a substantial increase. Furthermore, around seven in ten respondents (69%) believe investment in Bitcoin will rise due to the halving, with 18% predicting a dramatic surge. Only a minimal 2% foresee a decrease in investment following the event.
The survey also delved into the understanding of institutional investors and wealth managers about the nuances of cryptocurrencies, particularly Ethereum's transition to a deflationary model post-The Merge, indicating an enhanced level of awareness. Approximately 78% of the respondents acknowledged awareness that Ethereum's upgrade last year has rendered it deflationary by roughly 1%, with more being removed from circulation than created.
Anatoly Crachilov, CEO and Founding Partner at Nickel Digital, emphasized the broader implications of the Bitcoin halving. He noted, "The implications and causality linked to the halving of Bitcoin's inflation rate—a phenomenon occurring every four years—are subjects of intense debate within the financial community." Crachilov further elaborated that the halving, governed by an algorithmic protocol, represents a marked departure from traditional monetary expansion by central banks, which often results in inflationary pressures. He concluded, "The programmable reduction in the inflation rate, executed not through vague policy directives but through predetermined code, underscores a fundamental shift towards more predictable and controlled appreciation of the asset's value." This programmable approach to reducing inflation contrasts sharply with the conventional expansion of monetary supply, highlighting the unique appeal of Bitcoin and the broader integration of digital assets within the global financial ecosystem.
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