Goldman Sachs has warned against solely attributing Bitcoin price increases to halving, emphasizing other factors like ETF adoption.
JPMorgan has anticipated a sell-off to $42,000 post-halving due to reduced rewards for miners.
The Bitcoin halving, an important event written into
the cryptocurrency's code, is two days away. This event, which occurs roughly
every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency
community is abuzz with anticipation ahead of the halving, especially given the recent developments, such
as the approval of spot Bitcoin ETFs and improved crypto regulations.
Understanding Bitcoin Halving
The 2024 halving is expected to have an impact throughout the entire financial system as retail investors gain exposure to
Bitcoin through ETFs. This could result in increased crypto transactions,
trading volume, investment, and speculation in the sector, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days.
Source: Binance
Following the halving, miners often experience a
significant reduction in revenue. Additionally, the reduction in selling
pressure can contribute to increased trading volume and price
volatility in the market. Goldman Sachs recently cautioned investors against associating Bitcoin halving with price surges, Coindesk reported. This is because continued price gains rely on strong inflows into
spot ETFs and not just the halving.
While previous halvings have been followed by
price appreciations, Goldman has pointed out that various macroeconomic factors play a significant role. The firm highlighted that the time taken to reach peak values in the past significantly varied. Additionally, the macroeconomic environment during
past halvings differed from the current landscape, marked by high inflation and
interest rates.
Bitcoin ETFs and Market Dynamics
Similarly, Goldman emphasized in a report by Bloomberg
the importance of considering other factors, such as the adoption of spot ETFs,
in driving Bitcoin's price. The recent rally in BTC prices, fueled by inflows into
U.S.-based spot ETFs, indicates that a significant portion of post-halving
expectations may have already been priced in.
Fred Thiel, the CEO of Marathon Digital Holdings Inc.,
echoed Goldman's sentiment, suggesting that the success of ETF approvals has
accelerated price appreciation typically observed after halvings. However, Thiel acknowledged the potential impact of
the halving on Bitcoin's supply dynamics and emphasized miners' optimism
towards the event.
Bitcoin Cash
Recently, Bitcoin Cash (BCH) experienced its own halving.
After the event, the cryptocurrency forked from Bitcoin and dropped 15%. According to Coindesk, this has prompted crypto
traders to reassess their expectations of an immediate price surge in Bitcoin post-halving.
Bitcoin Cash, created in 2017, has historically been
viewed as a measure of Bitcoin's market sentiment. Its recent rally, followed
by a sharp decline post-halving, conveys caution regarding Bitcoin's upcoming
halving.
The decline in the price of Bitcoin Cash was
accompanied by the collapse in open interest for BCH futures. This trend indicates a
shift in market dynamics. Additionally, negative funding rates across major
exchanges reportedly underscore a potential unwinding of bullish sentiment.
Insights from Analysts and Experts
The investment banking giant JPMorgan anticipates a
sell-off price of $42,000 once the halving hype subsides. The impending reduction in
miners' rewards of 50% could lead to increased selling pressure, potentially
impacting Bitcoin's price trajectory in the coming months.
Meanwhile, the Grayscale spot Bitcoin ETF (GBTC) recently experienced a significant decline in holdings. According to a report by Cointelegraph, the fund dropped by half from its trading debut in January to 309,871 BTC as of April 16, 2024.
Since its inception, GBTC has faced a massive sell-off,
significantly impacting Bitcoin prices. The reason attributed to this outflow
is the high trading fees, with GBTC initially having the highest fees among US
spot Bitcoin ETFs, set at 1.5%. This discrepancy in fees has prompted other ETFs to
lower their fees, ranging between 0.2% and 0.4%.
In contrast, BlackRock's IBIT
offered a competitive fee of 0.25% at launch. Thus, IBIT
has experienced an extraordinary surge, increasing holdings by over 10,000%
since its debut. Despite the lack of direct correlation, the surge has added to the
significant Bitcoin-related events.
Bitcoin ETF Landscape
Overall, the collective holdings of the ten spot
Bitcoin ETFs approved in the US reached approximately 862,162 BTC, valued at $54.7 billion as of
April 16, 2024. While the decline of GBTC and the surge of IBIT dominate headlines, other
ETF providers have accumulated significant holdings, contributing to the
dynamic landscape of Bitcoin investments.
Meanwhile, Bitcoin mining profitability has experienced a significant downturn of 75% over the past three years. According to Stocklytics.com, profitability dropped from March 2021 to March 2024.
Source: Statista
This trend is attributed to various factors, including
the rising costs associated with mining operations and the impact of halving events on miners' rewards. The metric used to measure Bitcoin mining
profitability is the hash price, denoted in dollars per terrahash (USD/TH).
This metric has been influenced by several factors, including the price of Bitcoin,
transaction fees, network complexity, and block subsidies.
Despite Bitcoin's price surges in the past, mining
profitability has been on a steady decline, with diminishing returns becoming
increasingly evident. Bitcoin mining operations face numerous challenges that
impact profitability. Energy consumption is a significant concern, with the
process consuming vast amounts of electricity annually.
The Bitcoin halving, an important event written into
the cryptocurrency's code, is two days away. This event, which occurs roughly
every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency
community is abuzz with anticipation ahead of the halving, especially given the recent developments, such
as the approval of spot Bitcoin ETFs and improved crypto regulations.
Understanding Bitcoin Halving
The 2024 halving is expected to have an impact throughout the entire financial system as retail investors gain exposure to
Bitcoin through ETFs. This could result in increased crypto transactions,
trading volume, investment, and speculation in the sector, Finance Magnates reported. According to the countdown by Binance, the Bitcoin halving event will occur in the next two days.
Source: Binance
Following the halving, miners often experience a
significant reduction in revenue. Additionally, the reduction in selling
pressure can contribute to increased trading volume and price
volatility in the market. Goldman Sachs recently cautioned investors against associating Bitcoin halving with price surges, Coindesk reported. This is because continued price gains rely on strong inflows into
spot ETFs and not just the halving.
While previous halvings have been followed by
price appreciations, Goldman has pointed out that various macroeconomic factors play a significant role. The firm highlighted that the time taken to reach peak values in the past significantly varied. Additionally, the macroeconomic environment during
past halvings differed from the current landscape, marked by high inflation and
interest rates.
Bitcoin ETFs and Market Dynamics
Similarly, Goldman emphasized in a report by Bloomberg
the importance of considering other factors, such as the adoption of spot ETFs,
in driving Bitcoin's price. The recent rally in BTC prices, fueled by inflows into
U.S.-based spot ETFs, indicates that a significant portion of post-halving
expectations may have already been priced in.
Fred Thiel, the CEO of Marathon Digital Holdings Inc.,
echoed Goldman's sentiment, suggesting that the success of ETF approvals has
accelerated price appreciation typically observed after halvings. However, Thiel acknowledged the potential impact of
the halving on Bitcoin's supply dynamics and emphasized miners' optimism
towards the event.
Bitcoin Cash
Recently, Bitcoin Cash (BCH) experienced its own halving.
After the event, the cryptocurrency forked from Bitcoin and dropped 15%. According to Coindesk, this has prompted crypto
traders to reassess their expectations of an immediate price surge in Bitcoin post-halving.
Bitcoin Cash, created in 2017, has historically been
viewed as a measure of Bitcoin's market sentiment. Its recent rally, followed
by a sharp decline post-halving, conveys caution regarding Bitcoin's upcoming
halving.
The decline in the price of Bitcoin Cash was
accompanied by the collapse in open interest for BCH futures. This trend indicates a
shift in market dynamics. Additionally, negative funding rates across major
exchanges reportedly underscore a potential unwinding of bullish sentiment.
Insights from Analysts and Experts
The investment banking giant JPMorgan anticipates a
sell-off price of $42,000 once the halving hype subsides. The impending reduction in
miners' rewards of 50% could lead to increased selling pressure, potentially
impacting Bitcoin's price trajectory in the coming months.
Meanwhile, the Grayscale spot Bitcoin ETF (GBTC) recently experienced a significant decline in holdings. According to a report by Cointelegraph, the fund dropped by half from its trading debut in January to 309,871 BTC as of April 16, 2024.
Since its inception, GBTC has faced a massive sell-off,
significantly impacting Bitcoin prices. The reason attributed to this outflow
is the high trading fees, with GBTC initially having the highest fees among US
spot Bitcoin ETFs, set at 1.5%. This discrepancy in fees has prompted other ETFs to
lower their fees, ranging between 0.2% and 0.4%.
In contrast, BlackRock's IBIT
offered a competitive fee of 0.25% at launch. Thus, IBIT
has experienced an extraordinary surge, increasing holdings by over 10,000%
since its debut. Despite the lack of direct correlation, the surge has added to the
significant Bitcoin-related events.
Bitcoin ETF Landscape
Overall, the collective holdings of the ten spot
Bitcoin ETFs approved in the US reached approximately 862,162 BTC, valued at $54.7 billion as of
April 16, 2024. While the decline of GBTC and the surge of IBIT dominate headlines, other
ETF providers have accumulated significant holdings, contributing to the
dynamic landscape of Bitcoin investments.
Meanwhile, Bitcoin mining profitability has experienced a significant downturn of 75% over the past three years. According to Stocklytics.com, profitability dropped from March 2021 to March 2024.
Source: Statista
This trend is attributed to various factors, including
the rising costs associated with mining operations and the impact of halving events on miners' rewards. The metric used to measure Bitcoin mining
profitability is the hash price, denoted in dollars per terrahash (USD/TH).
This metric has been influenced by several factors, including the price of Bitcoin,
transaction fees, network complexity, and block subsidies.
Despite Bitcoin's price surges in the past, mining
profitability has been on a steady decline, with diminishing returns becoming
increasingly evident. Bitcoin mining operations face numerous challenges that
impact profitability. Energy consumption is a significant concern, with the
process consuming vast amounts of electricity annually.
The US Wants Crypto Innovation: So Why Is It Still Regulating with an Orange-Era Test?
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Hannah Hill on Innovation, Branding & Award-Winning Technology | Executive Interview | AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Recorded live at FMLS:25, this executive interview features Hannah Hill, Head of Brand and Sponsorship at AXI, in conversation with Finance Magnates, following AXI’s win for Most Innovative Broker of the Year 2025.
In this wide-ranging discussion, Hannah shares insights on:
🔹What winning the Finance Magnates award means for AXI’s credibility and innovation
🔹How the launch of AXI Select, the capital allocation program, is redefining industry standards
🔹The development and rollout of the AXI trading app across multiple markets
🔹Driving brand evolution alongside technological advancements
🔹Encouraging and recognizing teams behind the scenes
🔹The role of marketing, content, and social media in building product awareness
Hannah explains why standout products, strategic branding, and a focus on innovation are key to growing visibility and staying ahead in a competitive brokerage landscape.
🏆 Award Highlight: Most Innovative Broker of the Year 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #MostInnovativeBroker #TradingTechnology #FinTech #Brokerage #ExecutiveInterview #AXI
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
