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According to Gold Finance, Microstrategy Chairman Michael Saylor said that the supply and demand of BTC are currently in balance. There are two events that could boost the price of cryptocurrencies, the halving of the supply of bitcoin in April next year, and the imminent approval of spot bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). After the Bitcoin halving and the launch of Bitcoin spot exchange funds (ETFs), demand is set to at least double. Therefore, in order to enter the market, the only thing that needs to be adjusted is the price.

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