According to Canaccord, an investment banking and financial services firm, Bitcoin has outperformed the stock market this year, with a 140% year-on-year increase, compared to Ethereum's 60% and the S&P 500's nearly 30%. The report suggests Bitcoin typically rallies 6-12 months after its halving, indicating a potential surge between now and April 2024. While Fed interest rate cuts have boosted both equities and digital assets, Canaccord expects Bitcoin to decline long-term as its need as an inflation hedge wanes. However, favorable supply-demand dynamics following Bitcoin's halving and growing stablecoin supply could continue to support gains. Source: Coindesk
