Bitcoin halving could set up cryptocurrency for long-term gains

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.

Want to learn more about the bitcoin halving? Watch this video from Yahoo Finance for a quick explainer: Bitcoin halving: Explained