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Gate Square New & Returning Creator Rewards are ongoing!
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Morgan Stanley Wealth Management's assessment of the "Bitcoin Spring" shows that there is an optimistic mood in the cryptocurrency market. Analysts agree that the expected Bitcoin halving event in 2024 could be a significant driver for the crypto market. Based on previous halving events, they explain that Bitcoin's rises usually occur in the period after the halving.
Morgan Stanley analysts believe that the increase in Bitcoin's price in 2023 could be an indication that the lows were reached by the end of 2022. At the same time, they offer a perspective that the deliberate limitation of Bitcoin's supply and the resulting supply shortage due to halving could affect the price of Bitcoin, supporting the start of a new bull market. As such, it provides a summary that the Bitcoin market may be entering a positive period.
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