Brian Vendig Discusses Bitcoin Prices with Barron’s

Brian Vendig, president of MJP Wealth Advisors, spoke with Barron’s about the price of Bitcoin moving higher following the so-called “halving,” an event that sharply cut the issuance of the world’s largest cryptocurrency. Vendig said that while past events have given Bitcoin prices a boost, he believes Bitcoin “is priced for perfection right now after a very steep run so far this year, and that any price increases resulting from the halving event are likely going to be muted.”

“What makes this current halving event unique is that there are now spot bitcoin ETFs on the market, which is a dynamic that wasn’t in place during prior Bitcoin halving events, and the spot ETFs have certainly increased demand and interest in Bitcoin in recent months,” Vendig added.. Read full article here.

This article is intended for information purposes only. The opinions expressed are as of April 20, 2024 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. This material may contain estimates and forward-looking statements which may include forecasts and do not represent a guarantee of future performance.