Despite a new Bitcoin all-time high, markets are still yet to price in the upcoming Bitcoin halving, Basile Maire told Cointelegraph in an exclusive interview.
There are approximately 34 days until the Bitcoin halving will reduce the Bitcoin (BTC) issuance rate by half. However, this supply issuance reduction isn’t priced in by the crypto market, according to Basile Maire, co-founder of D8X decentralized exchange and former executive director at UBS. Maire told Cointelegraph in an exclusive interview:
Bitcoin breached the $71,000 mark for the first time on March 11, approximately 37 days before the upcoming Bitcoin halving will cut the block rewards from 6.25 BTC per block to 3.125 BTC per block.
Bitcoin futures data suggest that people are expecting Bitcoin to rise up to the $100,000 milestone by May, Maire told Cointelegraph:
