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Bitcoin halving is set to affect the investment choices of five in six UAE retail investors

From khaleejtimes.com

The Bitcoin halving is set to be a catalyst in the portfolio of UAE-based retail investors, with 78 per cent currently considering or planning to increase their investment in Bitcoin around the halving, a study showed. Only five per cent said to be considering or planning to decrease their allocation, according to trading and investing platform eToro. “Reflecting on historical data, we’ve observed that Bitcoin halving events have led to notable price increases, driven by the tightening of Bitcoin’s supply. For instance, the halvings in 2012 and 2016 both set the stage for substantial bull runs, and we saw a similar ... (full story)

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  • Category: Fundamental Analysis