Bitcoin's Historic Milestone: What It Means for the Future of Cryptocurrency

Bitcoin reached a new all-time high of $73,500, marking the first time it has done so before a halving event. The halving, which occurs roughly every four years, cuts the rate of Bitcoin's supply growth in half. This year, Bitcoin is outperforming previous halving-year returns, likely due to a historic shortage of available supply and increased demand from spot Bitcoin exchange-traded funds. Looking ahead, the post-halving year of 2025 is expected to follow a similar path to previous years, potentially leading to even more explosive price growth as deep-pocketed institutions now have access to the cryptocurrency.