Goldman Sachs warns current economic conditions may disrupt historical Bitcoin halving pattern
Goldman Sachs has warned that current economic conditions, such as inflation and interest rates, could disrupt the historical pattern of Bitcoin price increases following halvings. The bank cautions against assuming that the same price surge will occur this time, given the different macroeconomic factors at play. While past halvings have correlated with price increases, the supply-demand dynamic and growing interest in Bitcoin ETFs are expected to be bigger factors than the halving hype in determining Bitcoin's medium-term outlook. Despite this, demand for Bitcoin is surging, with recently launched spot-based Bitcoin ETFs attracting $59.2 billion in assets under management within just three months.
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