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  5. GLXY: How will Bitcoin halving affect glxy stock price? [Galaxy Digital Holdings Ltd. ordinary shares]
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Q: How will Bitcoin halving affect glxy stock price?

Sheldon
Asked by Sheldon on March 25, 2024
5i Research Answer:

GLXY makes money through trading (higher volatility in crypto prices and higher crypto prices are better for GLXY), investing in private crypto companies, advisory services, mining, and asset management. In general, the halving event is a net positive for the price of bitcoin, and the crypto ecosystem as a whole generally benefits as the price of bitcoin increases and money rotates through different assets.

We may not see an immediate impact of the halving on the price of GLXY, but at a broad level, the halving event is positive for bitcoin's supply/demand dynamics, which historically has been positive for its price, which in the past has brought more attention to the crypto space, in which GLXY has several operations in. Overall, we think it will be positive for its share price, but it may take at least a year or more to be reflected.