Bitcoin's recent price surge isn't solely due to Donald Trump’s election win, according to Onramp Bitcoin co-founder Jesse Myers. Myers attributes it to a post-halving supply shock, as April’s halving reduced block rewards, creating a scarcity effect. Bitcoin ETFs, introduced earlier this year, have amplified demand. Myers noted that predictable price bubbles follow each halving, as seen in 2012, 2016, and 2020. The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Find out more on benzinga.com.
