A Week After Halfing, Bitcoin Becomes A Focus Point In The Financial Sector

Illustration (Photo: Doc. ANTARA)

JAKARTA - Big events have just occurred among cryptocurrency investors. The incident is known as Bitcoin Halving.

Bitcoin's halving event is the most important event in the cryptocurrency market every four years.

Basically, through this incident, the remaining supply of Bitcoin assets has increased to circulate in the market.

So that investors usually have a big decision to sell or increase their Bitcoin asset ammunition.

Bitget Chief Analyst Ryan Lee believes Bitcoin is currently a focus point in the financial sector, and the Bitcoin ecosystem can be a trend as an investment instrument that can affect investor welfare.

You can monitor what has happened in recent times that the Staking activity of Bitcoin Layer 2 assets is increasing as the Bitcoin busking event by crypto asset projects. Generally, through this BTC staking, users or investors have the opportunity to receive various kinds of airdrops (gifts in the form of crypto assets) when participating in the activities provided," he said.

In addition, we can see other factors, namely the Federal Reserve's monetary decision or the FED at the interest rate that occurs.

"We see that it seems that in general interest rates are moving down, and the important point is we have to pay attention to when the first time the interest rate will drop," Ryan said.

In this case, with the decline in interest rates that occur, overall, the bullish market (increases prices in general in the market) after halving cannot be missed for investors.

Bitget is a global-scale crypto trading company that was founded in 2018. Currently Bitget has provided 750+ crypto assets, operates in 100+ countries, and has protection funds for users of up to $500+ million.