Anticipation Grows for Bitcoin Halving: Binance Research Reveals Positive Sentiment Among Kiwi Crypto Investors
The much-anticipated Bitcoin Halving event is just around the corner, and Kiwi crypto investors are buzzing with excitement. Recent research conducted by Binance, the world’s largest cryptocurrency platform, has revealed some compelling forecasts that are catching the attention of both crypto enthusiasts and mainstream investors alike.
The research indicates that the impending Bitcoin Halving, which occurs approximately every four years and reduces the reward for Bitcoin mining by 50 percent, is expected to have a positive impact on the industry. Over three-quarters of the 550 Kiwi cryptocurrency investors surveyed believe that the halving will lead to improved investment sentiment, increased valuations, and boosted trading volumes. Additionally, more than half of the respondents are anticipating a climb in the Bitcoin price as a direct result of the event.
Ben Rose, the General Manager of Binance Australia and New Zealand, expressed his excitement about the survey results, noting that the positive market sentiment among New Zealand investors is palpable. He highlighted the fact that over 80 percent of Binance New Zealand users are planning to increase their Bitcoin holdings soon, with nearly half of them looking to do so before the halving takes place later this month.
Rose drew parallels between Bitcoin’s scarcity and the finite nature of precious commodities like gold, emphasizing the importance of the halving event in maintaining the asset’s scarcity. He also pointed out that the participation of U.S. capital markets in the upcoming halving, with financial giants like BlackRock and Fidelity offering Bitcoin access through listed spot Bitcoin ETFs, has further fueled investor interest and demand for the cryptocurrency.
With Bitcoin valuations hitting new all-time highs and institutional investors increasingly recognizing the potential of crypto as part of a diversified investment portfolio, the stage is set for a pivotal moment in the world of cryptocurrency. Binance, with over 320,000 registered Kiwi users, has witnessed a significant surge in trading volume and new user registrations, reflecting the growing interest and excitement surrounding the upcoming Bitcoin Halving event.
As the countdown to the halving continues, all eyes are on Bitcoin as investors eagerly await the potential impacts of this historic event on the cryptocurrency market.
