What impact will the Bitcoin halving have on the price of ETH?

The upcoming Bitcoin halving in April is generating immense anticipation in the crypto community. With the recent approval of the first-ever spot Bitcoin exchange-traded funds (ETFs) by the SEC, the hype surrounding the event has reached new heights. Julian Grigo, head of institutions and fintech for Safe, believes that the halving serves as a reminder of Bitcoin’s unique qualities compared to fiat currency. Furthermore, the halving comes at a time of increased global inflation, making an asset with a fixed supply like Bitcoin more appealing to investors. Grigo also suggests that Ether may benefit even more from the halving due to its decreasing supply. Joey Garcia, director and head of public affairs, policy and regulation at Xapo Bank, expects the halving to have a positive impact on Ethereum and the broader market by boosting market sentiment and attracting more resources and innovation. However, Alun Evans, co-founder of Laos Network, warns that rapid price appreciation in Ethereum could have negative consequences, making the network less accessible and cost-effective for users and developers. Siddharth Lalwani, CEO of Range Protocol, believes that the positive price appreciation for Ethereum can be attributed to factors other than the halving, such as the Ethereum Dencun upgrade in March and the potential approval of spot Ethereum ETFs by the SEC in May. Despite differing opinions, most analysts agree that both Bitcoin and Ethereum remain attractive long-term investments.