JUST IN: JPMorgan CEO Jamie Dimon says Bitcoin is a fraud and a ponzi scheme.

JPMorgan is an authorized participant for BlackRock's Spot Bitcoin ETF.

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💰 BTC HALVING PRICE HISTORY:

•2012= $12 halving, $964 1yr later

•2016= $663 halving, $2550 1yr later

•2020= $8740 halving, $55801 1yr later

•2024= ~$63300 at halving

Where will price be 1yr later?
Write down in the comments below.

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💡💡💡
The fourth Bitcoin Halving occured on April 20, 2024 at 4:09 AM GMT+4. The Bitcoin block reward has been reduced from 6.25 BTC to 3.125 BTC.

🎉Happy Halving!

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🎉 Welcome to a Post-Halving World 🎉

The much-anticipated fourth Bitcoin halving is now a part of history, and here's what it has brought us:

At block 840,000, the miner's reward was successfully halved from 6.25 to 3.125 BTC per block. This historic block was mined at 02:09 Central European Time, boasts a size of 2.33 megabytes, and contains approximately 3063 transactions.

The outcome?
The daily production of new Bitcoins is now halved to 450 BTC, and Bitcoin's inflation rate has dropped from 1.8% to just 0.85%.

🥇 In comparison, the stock of gold, Bitcoin's physical counterpart, grows by an estimated 1.6% annually, with a steady trend.

Bitcoin has thus reached a new milestone and is officially scarcer than gold.

After the halving, comes the anticipation of the next.

5️⃣ The forthcoming fifth halving is scheduled for the year 2028 at block 1,050,000, which will further reduce the block reward to 1.5625 BTC.

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Just two days and 130 blocks after Bitcoin’s halving, miners have already earned 1,675 BTC, valued at $109 million. Impressively, 75% of this, equivalent to 1,262 BTC worth $82 million, came from transaction fees.

This amount significantly surpasses the 1,349 BTC collected in fees from April 1 to April 19, illustrating a sharp increase in miner revenue from transaction fees in a remarkably short period.

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📁 Central banks are STOCKING UP on gold:

Since 2022, 🇨🇳 China has bought a record ~290 tonnes of gold. Last year alone, China acquired more than 225 tonnes of the metal.

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🥇 Bitcoin transaction fees reached all-time-high

“Exceeding US$128 on average, on-chain movement fees reached the highest value in their history.”

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💡💡💡: BRICS exploring the creation of a crypto stablecoin for international trade settlements.

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The SEC has reportedly delayed the Franklin 🔵 Ethereum spot ETF, while Standard Chartered doubts a May approval.

However, the bank remains optimistic, expecting BTC to reach $150k and ETH to hit $8k by year-end, suggesting negative news is already priced in.

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💡💡💡: Tesla $TSLA reveals none of their $711,050,000 worth of 🥇 Bitcoin was sold in Q1 2024.

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💡💡💡: Buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for $1 Million at auction.

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💡💡💡: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services.

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🥇 How GoMining is unlocking Bitcoin mining for all

Diving into mining can be pretty daunting, especially considering the high costs and maintenance associated with traditional methods. However, GoMining simplifies the process and removes the barriers to entry with self-mining NFTs, requiring as little as $30 to gain access to 1TH of power. These NFTs provide a hassle-free way to collect daily rewards. Additionally, users can optimize their NFTs by boosting hash power and enhancing energy efficiency, maximizing earnings while minimizing costs.

GoMining has 9 data centers over the world with significant computational power, offering the lowest electricity rates. Additionally you can have a 5% discount on your first purchase with promo code DAILY before the end of April.

Explore GoMining NFT

Morgan Creek Capital's CEO predicts baby boomers will invest $300bn in cryptocurrencies within a year due to Bitcoin ETFs, potentially raising the market cap to $6tn.

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💡💡💡: 🥇 MicroStrategy bought 122 more #Bitcoin for $7.8 million 🔥

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🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin & Ethereum ETFs 😀 👏

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💡💡💡: BlackRock hosts 🥇Bitcoin investing conference with industry leaders at its headquarters.

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⚡️⚡️⚡️⚡️⚡️⚡️
CZ, the founder of Binance has been sentenced to 4 months in prison.

⚫CZ's lawyers were asking for house arrest or probation period
⚫DOJ attorneys were asking for 3 years
⚫US Probation Department was recommending 5 months

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🥇 Bitcoin and a handful of altcoins were down around 7%-10% over the last 24 hours. Here are several factors:

1. Several macro data is being released this week and had investors spooked. Particularly, there is a declining probability of US interest rate cuts this month, and rumors of possible rate hike considerations

2. Over the last 24 hours, 115,804 traders were liquidated for a whopping $387.91m.

3. US Spot BTC ETFs saw an outflow of $161m yesterday

4. Hong Kong’s Bitcoin and Ether ETFs failed to meet expectations

5. RSI divergence indicators suggest a bearish trend, as it was in the "overbought" area during the US BTC ETFs launch

6. More BTC miners approach shutdown levels amid price drop below $57,000

It is important to note that during the 2015-2017 bull market, over 13 different 20% pullbacks occured. Price swings are quite normal and sometimes good for the markets.

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