The New York Stock Exchange plans to launch options contracts tied to the CoinDesk Bitcoin Price Index, marking another major traditional finance player entering the Bitcoin space.
Standard Chartered sees Bitcoin falling to $50,000 near-term amid outflows and tight liquidity, but maintains a bullish long-term outlook with a $150,000 target for 2024.
The exponential price appreciation after the Bitcoin halving is more of a function of buyer demand than it is of the supply-side reduction of the block subsidy.