Bitcoin Price More Impacted by Narrative Than Selling Pressure Post Halving: BKCM Founder

IconCrypto News Terminal23 Apr, 2024

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Bitcoin Price More Impacted by Narrative Than Selling Pressure Post Halving: BKCM Founder

**BKCM Founder: Bitcoin Price More Impacted by Narrative Than Selling Pressure Post Halving** Brian Kelly, founder, and CEO of digital asset investment firm BKCM, believes post-Bitcoin halving is sentiment, the narrative that matters. He told CNBC, "While there's theoretically less sell pressure, that may not have an immediate impact on the price of Bitcoin. We also have large institutions preparing bitcoin investment products for their clients, you have enormous pent-up demand there. In terms of Bitcoin becoming a safe-haven asset like gold, that's 10-20 years out." **Previously on April 23, 2024:** * Brian Kelly stated, "Post-Bitcoin halving, sentiment and the narrative matter, and large institutions are preparing Bitcoin investment products for their clients."

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