Summary
TLDR: The biggest difference between the 2020 halving and the 2024 halving is the increase in institutional demand for Bitcoin. Institutions like MicroStrategy now hold a significant amount of BTC, shifting the market dynamic from retail investors to larger entities. Currently, around 12.27% of all bitcoins belong to publicly traded and private companies, ETFs, and countries.
Key Points
1. The 2024 halving is marked by a significant increase in institutional demand for Bitcoin, with companies like MicroStrategy holding a substantial amount of BTC in their reserves.
2. Prior to the 2020 halving, the cryptocurrency market was mainly dominated by retail investors, but the landscape has shifted dramatically with institutions now actively participating in the market.
3. Currently, around 12.27% of the total supply of bitcoins belong to publicly traded and private companies, ETFs, and countries, indicating a growing interest and adoption of Bitcoin by institutional players.