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Bitcoin halving could bring long-term gains for the cryptocurrency

The Bitcoin (BTC-USD) halving is expected to take place this weekend, either on Friday, April 19th or Saturday, April 20th. The halving serves to reduce the number of Bitcoins in circulation every four years, ultimately controlling inflation within the cryptocurrency.

Alex Felix, co-founder and CIO of CoinFund, and Matt Ballensweig, CEO and head of BitGo's Go network, join Market Domination to discuss Bitcoin's long-term price trends.

Ballensweig views the halving as a “non-event” for Bitcoin’s near-term scope and advises traders to “stick to the fundamentals” when managing crypto-related stocks like Bitcoin miners. Felix believes that Bitcoin could rise to between $150,000 and $200,000 in the next few years based on price trends after past halvings.

Want to learn more about the Bitcoin halving? Check out this video from Yahoo Finance for a quick explanation: Bitcoin Halving: Explained

For more expert insights and the latest market activity, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

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