LONDON - Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics.
"The geopolitical events unfolding at the minute are having a larger impact than any impact from the halving. So that’d be the perceived easing of tensions between Iran and Israel," said Mick Roche, senior trader at Standard Chartered's crypto arm, Zodia Markets. "Crypto is so similar to stocks already. The same people that are trading stocks and tech stocks are also into crypto," he said.
Bitcoin is dominated by retail investors, Laidler said, but he expects regulatory changes in future could make it easier for companies, banks and central banks to own bitcoin.Cryptocurrencies remain a niche asset class, with their combined value around $2.5 trillion, according to market tracker CoinGecko.Crypto markets are also waiting to see if the U.S.
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