VanEck argued Monday that Bitcoin (BTC-USD) will reach a new all-time high by the end of 2024. The exchange traded fund provider predicted that the U.S. economy will be hit with a recession in the first half of the year, but conditions in the crypto space will be layered with the launch of the first spot Bitcoin ETF.
Fascinating new interview with Brock Pierce, Bitcoin Foundation chairman and co-founder of Tether, discusses bitcoin’s recent rally, digital asset regulation, enforcement action in the U.S. and crypto’s alleged ties to bad actors.
Bitcoin climbed as high as $44,667 on Friday, before pulling back for some consolidation. Consolidation is probably healthy, as the price was in danger of going parabolic.
The surge in price means that over 84% of Bitcoin holders are now in the green.
One of those holders who have returned to profitability is President Nayib Bukele of El Salvador. Addressing critics who previously speculated on the supposed losses incurred by El Salvador’s Bitcoin venture, Bukele stated on X, “After literally thousands of articles and hit pieces that ridiculed our supposed losses… with the current Bitcoin market price, if we were to sell our Bitcoin, we would not only recover 100% of our investment but also make a profit of $3,620,277.”
The next Bitcoin Halving will take place in April 2024. The number of new Bitcoins created via the block reward is reduced by half every four years. This is known as the Bitcoin Halving. The next halving will be the Fourth Bitcoin Halving (H4). This is when the current block reward of 6.25 Bitcoins will be reduced by half to 3.125 Bitcoins.
The two strongest tailwinds behind Bitcoin are the upcoming Bitcoin Halving and the likely approval of multiple Bitcoin ETFs.
Bloomberg ETF analyst James Seyffart has put the odds of spot Bitcoin approvals in the US by Jan 10 at 90%.
Earlier on Friday, Reuters reported that discussions between the U.S. securities regulator and asset managers hoping to list Bitcoin exchange-traded funds (ETFs) have advanced to key technical details, in a sign the agency may soon approve the products, industry executives said.
So if this is the next bull run - are you prepared?
Heads up! DOGE about to break out again on the daily chart.. Dogecoin looking feisty as is xrp, magic, zcash, atom. (Xrp is back at coinbase since it's big legal win if you didn't know)
The crypto market is primed for an explosive move right now.
Between Grayscale (GBTC) and Ripple (XRP) both winning their respective cases against Gary Gensler and the SEC…
And with a handful of Bitcoin Spot ETFs pending approval… It could be any day now.
Even Elon Musk is preparing for a potentially massive move as he’s already begun to obtain licenses to process crypto payments for his company X (formerly Twitter).
Right now you have the chance to position yourself before the rest of the market takes off.
"In a new Bloomberg podcast, Ark Invest CEO Cathie Wood explained her case for why #Bitcoin beats gold as a 10-year investment." DON"T MISS THIS! LISTEN!
WHAT AN INCREDIBLE RIDE THIS WEEK!!
Hope you too made a proverbial "embarrassment of riches" 😀
We will be reinvesting in non profit FlyingWallenders with some of our winnings, and ALL your sub fees!!
Thank you!
This is absolutely huge...
Not only is there a 90%+ chance of a spot Bitcoin approval soon... but now BlackRock has filed for a spot Ethereum ETF!
It's a huge opportunity and a big tailwind to the scenarios we've laid out for free here!!!
(Not financial advice. As always, do you own due dilligence)
UP $1000 in the last hour!
Are you watching the show?
https://www.cnbc.com/quotes/BTC.CM=
Anita Bryant and cia-pedia say his name was WJ Bryan. just sayin'
https://en.m.wikipedia.org/wiki/William_Jennings_Bryan
In death, a member of Project Mayhem has a name...
I myself wrote in July 2023 that I expect a new all time high for Bitcoin in the next 6 months or so.
You are, as usual, 100% correct.
I will leave it uncorrected to heighten the intrigue
I like that. As you know, intrigue sells books. And your book on reverse psychology sounds intriguing af
Whatever. Don't you dare buy it
:)
That would spoil the intrigue! lol
No market system is etched in stone.
Nope. No free lunch, and (to paraphrase Talib, there's always a black swan with a fat tail looking to steal your lunch pail :)
Successful investors use PROCESS AND RATIONALE.
That said, Fear is evaporating and that leaves GREED, and FOMO, one day before the HALVENING, and RIGHT ON TIME!
(If the Market tricked you again, you need a better PROCESS like Changa learned years ago:)
Watch this corporate trader turned man O the people:
https://www.youtube.com/live/1KDc_1cMLHQ?si=B7Me6eYsidhkIh3f
FUN FACT: BlackRocks spot #Bitcoin ETF is now taking in more cash than 99.98% of ETFs — Bloombergs Eric Balchunas
VanEck argued Monday that Bitcoin (BTC-USD) will reach a new all-time high by the end of 2024. The exchange traded fund provider predicted that the U.S. economy will be hit with a recession in the first half of the year, but conditions in the crypto space will be layered with the launch of the first spot Bitcoin ETF.
“Bitcoin will reach an all-time high in Q4 2024, driven by high volatility and mounting evidence of rejection of the anti-growth agenda of the Green lobby,” VanEck said in an investor note. https://seekingalpha.com/news/4045042-bitcoin-will-reach-an-all-time-high-in-q4-2024-vaneck?
It's time to get yourself up to speed on Bitcoin with Clif High.
Listen to this excellent discussion
https://clifhigh.substack.com/p/cryptos-crash-and-duration?r=1eqp90&utm_campaign=post&utm_medium=web
Fascinating new interview with Brock Pierce, Bitcoin Foundation chairman and co-founder of Tether, discusses bitcoin’s recent rally, digital asset regulation, enforcement action in the U.S. and crypto’s alleged ties to bad actors.
https://www.cnbc.com/video/2023/12/08/bitcoin-rally-looks-like-very-real-bull-run-bitcoin-foundation-chairman-brock-pierce.html
EL SALVADOR VINDICATED ON BITCOIN! :)
Bitcoin climbed as high as $44,667 on Friday, before pulling back for some consolidation. Consolidation is probably healthy, as the price was in danger of going parabolic.
The surge in price means that over 84% of Bitcoin holders are now in the green.
One of those holders who have returned to profitability is President Nayib Bukele of El Salvador. Addressing critics who previously speculated on the supposed losses incurred by El Salvador’s Bitcoin venture, Bukele stated on X, “After literally thousands of articles and hit pieces that ridiculed our supposed losses… with the current Bitcoin market price, if we were to sell our Bitcoin, we would not only recover 100% of our investment but also make a profit of $3,620,277.”
The next Bitcoin Halving will take place in April 2024. The number of new Bitcoins created via the block reward is reduced by half every four years. This is known as the Bitcoin Halving. The next halving will be the Fourth Bitcoin Halving (H4). This is when the current block reward of 6.25 Bitcoins will be reduced by half to 3.125 Bitcoins.
The two strongest tailwinds behind Bitcoin are the upcoming Bitcoin Halving and the likely approval of multiple Bitcoin ETFs.
Bloomberg ETF analyst James Seyffart has put the odds of spot Bitcoin approvals in the US by Jan 10 at 90%.
Earlier on Friday, Reuters reported that discussions between the U.S. securities regulator and asset managers hoping to list Bitcoin exchange-traded funds (ETFs) have advanced to key technical details, in a sign the agency may soon approve the products, industry executives said.
So if this is the next bull run - are you prepared?
Heads up! DOGE about to break out again on the daily chart.. Dogecoin looking feisty as is xrp, magic, zcash, atom. (Xrp is back at coinbase since it's big legal win if you didn't know)
https://www.cnbc.com/quotes/DOGE.CM%3D?qsearchterm=doge
Christmas came early again today. Changa like!!! A quick 17% gain, and more to come (*Not advice of any kind. DYOR)
BITF https://www.cnbc.com/quotes/BITF?qsearchterm=bitfinex
Take a look at undervalued miner BITF. (Bitfarm) up 12% today. Enjoy!
What you Need to Know:
The crypto market is primed for an explosive move right now.
Between Grayscale (GBTC) and Ripple (XRP) both winning their respective cases against Gary Gensler and the SEC…
And with a handful of Bitcoin Spot ETFs pending approval… It could be any day now.
Even Elon Musk is preparing for a potentially massive move as he’s already begun to obtain licenses to process crypto payments for his company X (formerly Twitter).
Right now you have the chance to position yourself before the rest of the market takes off.
"In a new Bloomberg podcast, Ark Invest CEO Cathie Wood explained her case for why #Bitcoin beats gold as a 10-year investment." DON"T MISS THIS! LISTEN!
https://bitcoinmagazine.com/business/ark-ceo-cathie-wood-bitcoin-gold-10-years
Ark Invest CEO Cathie Wood on whether she'd rather hold Bitcoin or gold: "#Bitcoin. Hands down. Gold has had its demand. It's happened."
https://x.com/BitcoinMagazine/status/1721508207099617306?s=20