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CoinDesk Podcast Network

MARKETS DAILY: Crypto Update | 21Shares Exec on Aftermath of the Halving, Future of Bitcoin Network

Apr 22, 2024
21Shares' Eliézer Ndinga discusses the impact of the halving on miners, entrepreneurs, and consumer-facing applications. They explore the future of Bitcoin post-halving, spot ETH ETF approvals, global accessibility of crypto assets, and exciting prospects for consumer-facing applications on the Bitcoin network. The discussion also compares Bitcoin and Ethereum in the consumer-facing blockchain market.
15:24

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Quick takeaways

  • Bitcoin halving impacts miners, entrepreneurs, and future consumer applications.
  • Bitcoin's evolving utility towards consumer-facing applications intensifies competition in blockchain space.

Deep dives

Bitcoin's Halving Impact on the Industry

The recent halving event in the Bitcoin network marked a significant industry milestone, with the inflation rate dropping below 1% for the first time in history. Notably, Bitcoin reached an all-time high before the halving, showcasing unprecedented developments. With transaction fees on the Bitcoin network soaring to around $120 on average, there is a strong incentive for miners to secure the network. This surge in transaction fees also paves the way for a burgeoning DeFi economy built on top of the Bitcoin network, attracting interest from entrepreneurs and investors.

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