D8X founder claims full impact of Bitcoin halving not adequately factored into pricing.

With just about a month left until the Bitcoin halving takes place, Basile Maire, co-founder of D8X decentralized exchange and former executive director at UBS, claims that the crypto market has not yet factored in the impending reduction in Bitcoin supply. In an exclusive interview with Cointelegraph, Maire explained that Bitcoin reached an all-time high of $71,000 on March 11, about 37 days before the halving event. The halving will cut the block rewards from 6.25 BTC per block to 3.125 BTC per block. Maire also pointed out that Bitcoin futures data suggests that investors are anticipating Bitcoin to reach the $100,000 milestone by May. He further added that the upcoming US presidential election is expected to have a positive impact on the crypto market and will greatly influence Bitcoin’s price trajectory. According to Sergei Gorev, a risk manager at fintech platform YouHodler, the inflows generated by US spot Bitcoin exchange-traded funds (ETFs) have played a significant role in Bitcoin’s recent rally. The total on-chain holdings of Spot Bitcoin ETFs reached $60.5 billion on March 13, and if the current rate of inflows continues, these ETFs are projected to absorb 8.82% of the BTC supply on an annual basis.