Renowned crypto investor Brian Kelly believes that Bitcoin (BTC) is currently experiencing a favorable confluence of increased demand and decreased supply. In an interview on CNBC’s Fast Money, Kelly, the CEO of digital asset investment firm BKCM, stated that the entry of major brokerage firms such as Morgan Stanley and UBS into the Bitcoin market will have a more significant impact than the recent BTC halving.

Kelly argues that the approval of spot Bitcoin exchange-traded funds (ETFs) will also contribute to the rising demand for Bitcoin in the post-halving phase. He explains that with the reduced supply of coins on exchanges and the influx of potential investors, Bitcoin is poised for a bullish trend.

Furthermore, Kelly predicts that Bitcoin may eventually become a safe-haven asset like gold, although he believes this transformation will take place in the next 10 to 20 years.

At the time of writing, Bitcoin is trading at $66,474, reflecting a 4% increase in value over the past week.

Please note that the opinions expressed in this article do not constitute investment advice. Investors are advised to conduct their own research and exercise caution when investing in Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not endorse the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.