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TechFlow news — investment banking giant Goldman Sachs has warned its clients in a report against overinterpreting Bitcoin's historical halving cycles. Goldman stated that the Bitcoin mining reward halving alone did not catalyze previous bull markets, with macro factors likely playing a role, and sustained Bitcoin price increases may depend on substantial inflows into spot ETFs.
Investment banking giant Goldman Sachs warned its clients in a report against overinterpreting Bitcoin's historical halving cycles. Goldman stated that Bitcoin mining reward halvings alone did not catalyze previous bull markets, and macro factors may have played a role. Meanwhile, sustained Bitcoin price increases may depend on substantial inflows into spot ETFs.
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