Bitcoin halving could be pretty significant for long-term gains: BitGo analyst

Bitcoin's (BTC-USD) halving event is expected to occur over this weekend, either Friday, April 19 or Saturday, April 20. The halving event operates to reduce the number of available bitcoins in circulation once every four years, ultimately controlling inflation within the cryptocurrency.
CoinFund Co-Founder and CIO Alex Felix and BitGo Managing Director and Head of the Go Network Matt Ballensweig join Market Domination to discuss bitcoin's long-term price trajectory.
Ballensweig considers the halving a "non-event" for the short-term scope of bitcoin, advising traders to "stick to the basics" when managing crypto-adjacent stocks like bitcoin miners. Felix believes bitcoin could ascend to anywhere between $150,000 to $200,000 over the next couple years based on price progressions following past halvings.
About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

- Get the latest news and data at finance.yahoo.com

- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)

- Follow Yahoo Finance on social:

X: Twitter: YahooFinance
Instagram: https://www.instagram.com/yahoofinanc...
TikTok: https://www.tiktok.com/@yahoofinance?...
Facebook: Facebook: yahoofinance
LinkedIn: LinkedIn: yahoo-finance

• #news_politics
• #yahoo_finance
• #personal_finance
• #money
• #investing
• #business
• #savings
• #investment
• #stocks
• #bonds
• #fx
• #currencies
• #nyse
• #equities
• #news
• #politics
• #market
• #markets
• #yahoo_finance_premium
• #stock_market