Bitcoin Halving, ETFs and Adoption
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Crypto markets are sitting on the edge of Bullrun right now. There are many factors which are giving signals about the Bull market. It is around the corner. The history itself is saying it all. Altcoins are soaring printing 5x to 10x profit.
Above all Bitcoin halving is only four months away from now. Bitcoin Halving event will take place next year in the moth of april. It will reduce the mining rewards making Bitcoin more difficult to mine. This make Bitcoin more valuable. Its the Big event that will send Bitcoin to the moon. This is very bullish event for the crypto as whole.
It has been observed that whales are accumulating more and more Bitcoin and top altcoins as the Bitcoin halving is approaching fast. They know that Bitcoin will pump hard on the halving day which is going to take place next year in the month of april. They have started the preparations prior to the halving event.
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Bitcoin and EThereum ETFs applications which are pending for the approval may push Bitcoin price if they gets approved by the SEC. This could be game changer as BlackRock is a big in the financial sector. And remember its not only Blackrock, there are many others which have pending applications. If they are approved then many more companies will be interested in Cryptocurrency. Which will make crypto more powerful. This can push crypto prices at new heights.
Moving forward, we have seen Bitcoin adoption is increasing worldwide which is good for the whole crypto industry. As more countries and institutions involve in crypto it will gets stronger. We need businesses to adopt Bitcoin which will increase demand hence the price will automatically increase making bitcoin more valuable and unique.
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Remember that Bitcoin has a total supply of 21 million , there will never be more. It has a fixed supply which means it cannot be printed more. Look at the total world population and total supply of Bitcoin and then do the calculation yourself, the more the adoption happen , more it will be valuable and hard to get.
If you are reading this post you are still early in crypto, it is better to take the benefit being an early bird and buy Bitcoin while its still cheap. Look into the bigger picture, imagine where Bitcoin will stand in the next five to ten years. The future of Bitcoin is Bright. If you know, you know.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
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About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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