Global #Markus Thielen

The value of MicroStrategy shares has taken a hit as the price of Bitcoin dropped, leading to a market correction.

For some industry insiders, the much-awaited approval of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week marks a major turning point. Some caution that the optimistic event may be overshadowed by stronger market dynamics, such as ongoing inflation and geopolitical risk.

After the halving, an analyst predicts that Bitcoin miner sales might total up to $5 billion over four to six months.