Caught up in crypto fever? Heed lessons from 2022
This weekend’s Bitcoin halving may prompt a bull market, but risks remain
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THIS has been a comeback year for cryptocurrencies. In the first quarter, the US approved 11 spot Bitcoin exchange-traded funds (ETFs), while Bitcoin prices hit an all-time high.
This week, Hong Kong gave “initial approval” for asset managers to launch Bitcoin and Ethereum ETFs. Even meme coins and non-fungible tokens (NFTs) – which seemed to have collapsed just over a year ago – have rebounded, some with eye-watering returns.
Now, the industry is crossing another milestone: the fourth “Bitcoin halving”, set to happen this weekend.
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