March 27, 2024
Bitcoin's Halving Dynamics Catalyst for Potential Soaring Prices
Bitcoin Halving

Bitcoin Halving Dynamics: Catalyst for Potential Soaring Prices

There can never be more than 21 million bitcoins in existence, as their issuance is strictly governed by the code of the Bitcoin system. To maintain scarcity and prevent inflation, the code enforces a “halving” every 210,000 blocks on the Bitcoin blockchain, approximately every four years. Each halving event reduces the supply of new bitcoins entering the market.

When miners validate transactions, they receive a reward of newly created bitcoins for their services. The halving event cuts this reward – and the new amount entering the market – in half. The first halving occurred in 2012, the second in 2016, the third in 2020, and the fourth is scheduled for April 2024.

However, the impending surge I anticipate is not solely attributed to bitcoin’s halving. There’s also a demand-side shock on the horizon. On January 10, the Securities and Exchange Commission (SEC) approved 11 spot bitcoin exchange-traded funds (ETFs) from major companies like BlackRock, Fidelity, VanEck, Invesco, and WisdomTree, which collectively manage $17 trillion.

This is crucial for the demand side because these ETFs are obligated to purchase and hold bitcoin for every dollar entering their ETF. For instance, if BlackRock’s bitcoin ETF reaches $20 billion in assets under management, it will own and custody $20 billion worth of bitcoin. This could unleash a flood of capital, leading to a substantial increase in demand.

We anticipate that the launch of a spot bitcoin ETF will attract millions of new crypto buyers. According to a survey, 88% of financial advisers interested in acquiring bitcoin are awaiting SEC approval of a spot bitcoin ETF, which has now been granted.

This signifies that a significant amount of capital is poised to enter the crypto market. In simple terms, if the anticipated demand story aligns with the guaranteed supply cut from the halving, the potential for bitcoin prices to reach $100,000, $500,000, or even $1 million per bitcoin becomes highly feasible.

A Bull Market for the Ages
In his recent video update, Daily editor Teeka Tiwari predicted a two-year bull run for crypto. He foresees prices that will be awe-inspiring and shocking, describing it as a bull market unlike anything seen before.

I wholeheartedly agree with Teeka’s perspective. Having experienced and invested through four previous crypto bull markets, each surpassing the previous one, there might soon be little left of the bitcoin pie once major institutions fill their ETFs.

In essence, the next two years could be the last opportunity to significantly impact your bitcoin holdings. With additional risk-ready capital, it might be the final major crypto bull market where such seemingly unimaginable gains are possible once again.

It all starts with bitcoin, and as you witness the potential profit across the broader crypto market, adding altcoins to your portfolio becomes the logical next step.

Teeka believes that an upcoming shock will propel numerous small crypto coins to skyrocket 10x, 50x, or even 100x higher in just days. To help you prepare, he’s sharing his #1 FREE crypto investment for 2024 – no strings attached. Click here to get the ticker.

(As a reminder, Teeka’s free picks have an average peak gain of more than 1,000%.)

It may seem like it’s already too late, but let me be clear: It’s not too late. Now is the time to build a robust portfolio of high-quality crypto assets for the upcoming bull market. Acquiring more bitcoin, even if it’s just a modest amount to start, and allocating a small portion of capital to target high-potential opportunities in this market are actions you can take now. The ball is in your court.

Photo by Worldspectrum

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