Exchanges are experiencing a shortage in the amount of Bitcoin supply, which may affect the price of the main cryptocurrency.
In addition, it is also profitable to mine Bitcoin right now for several key reasons:
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"With daily inflows of $500 million into bitcoin spot ETFs (approximately 7,142 BTC), it would only take nine months to use up all the reserves."
This proves once again that there will be a Bitcoin shortage very soon, and the only way to mine it is by mining!
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According to experts, due to the fact that residents of mainland China can not be offered access to the funds, in the short term, this event will not affect the rate of leading assets.
However, experts note that this is another step towards the adoption of cryptocurrencies by major players in the global financial market.
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π1
πRunning the Runes protocol on Bitcoin leads to an increase in commissions.
As we already know, the increase in commissions also provides an increase in Bitcoin mining revenue.
About nine blocks after halving, Runes miners have already paid 78.6 BTC as commission (~$4.95 million) to buy the rarest of RAREs.
This suggests that, like Ordinals, the Runes protocol could be a boon to Bitcoin's growing commission economy.
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The interest of cryptokits, whose wallets hold from 1,000 to 10,000 BTC, jumped by 11% in a month.
They are adding up to 200,000 BTC per month to their balances. This far exceeds the monthly number of new tokens being introduced into circulation.
π If the current demand from cryptokits continues, the bitcoin exchange rate will rise significantly for this very reason.
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In this regard, users are actively discussing a new strategy for earning:
> Buy BTC 500 days before the halving;
> Just hold;
> Sell BTC 500 days after the halving;
> Repeat.
Stock up on Bitcoin now and sell it at a high level later!
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The project team has worked hard and decided to end the year with great news for all holders and miners of the coin! ERGO has been listed on a large exchange MEXC Global.
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β’ After 90 days, the return was 59% on average
β’ After 180 days - 373%
β’ After 1 year - 2908% ( this average includes 279% and 594% in the second and third halvings. The average annualized hyper-return is due to the result of the growth after the first halving (7851%)
Stock up on Bitcoin now and sell at a high level later!
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This surpasses the previous record of 724,000 set in December 2023. The rise in transactions is attributed to the launch of Runes, a new token standard on the Bitcoin blockchain.
βRunes and Ordinals demonstrate the value of the blockchain space, Bitcoin is the most decentralized, safe and secure network in existence, so there will be use cases and value extracted from this blockchain space,β experts emphasize
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For example, recently the coin was listed on HTX (former Huobi)! The price of the asset has already reacted to this news with a slight increase.
You can start mining $FLUX right now! Just follow the link and get stable income from mining.
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Despite the fact that the first cryptocurrency appeared only 15 years ago, it is already successfully competing with the largest technology companies.
Among tech companies, only one competitor has been able to overtake BTC in the last 10 years β graphics processor maker Nvidia.
Thus, cryptocurrencies can rightly be called one of the most profitable and promising instruments today.
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π₯ The current bullrun may be the last cycle before Bitcoin and major blockchains are finally adopted, i.e. their mass popularity among ordinary people
As an analogy, some users have started to compare the rate of spread of the Internet and the major cryptocurrency. It turns out that the number of active users of the Bitcoin network is now comparable to the popularity of the Internet in 1997.
β¨ Blockware Solutions has published a report regarding the rate of Bitcoin adoption. In it, the agency claims that by 2030, about 10% of the world's population will be actively using the cryptocurrency.
As in the case of smartphones and the Internet, the so-called βnetwork effectβ is at work here. The more people use bitcoin, the faster its audience grows.
π Necessary links
As an analogy, some users have started to compare the rate of spread of the Internet and the major cryptocurrency. It turns out that the number of active users of the Bitcoin network is now comparable to the popularity of the Internet in 1997.
This suggests that we are still in the early stages of a rapid phase of BTC popularization.
As in the case of smartphones and the Internet, the so-called βnetwork effectβ is at work here. The more people use bitcoin, the faster its audience grows.
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He showed the community an infographic that shows the performance of BTC over the past 8 years compared to traditional investments.
Saylor revealed that BTC has maintained gains of over 100% year-over-year since 2016, while other investments have barely achieved comparable returns.
For example, gold and real estate in the US have seen a 20% increase in 2019. At the same time, currencies such as the Turkish lira and Argentine peso experienced a crash, falling as low as 0.001%.
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The scale of implementation does not yet allow it to fully act as a hedge against inflation. This opinion was expressed by the founder of SkyBridge Capital Anthony Scaramucci.
In his opinion, bitcoin is still technically at an early stage and will be traded like other risky assets until the number of users exceeds 1 billion. This should happen by the end of 2026, if not earlier.
The expert also noted that since January 2022, the US dollar has lost 22% of its value, while digital gold has risen 3.5 times.
Stock up on Bitcoin now and sell it at a high level later!
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In 2024, the position of presidential candidate Trump has undergone a noticeable change.
The billionaire released several NFT collections and began accepting donations in the form of cryptocurrencies. ChatGPT concluded that his victory is optimistic for BTC and could translate into a soft regulatory climate.
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According to Rekt Capital, the indicator will soon start moving towards $425 billion.
The approaching rally is also indicated by the EMA20, stochastic RSI and bitcoin dominance index.
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According to The Block, the open interest in bitcoin futures has grown by more than 100%. At the beginning of the year it was equal to $17.2 billion. At the same time, the rate of the first cryptocurrency added 66% growth and updated ATN.
The OI shows the total value of all outstanding bitcoin futures contracts on exchanges. It indicates increased market activity and trader sentiment towards this asset.
Stock up on Bitcoin now and sell at a high level later!
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However, we are actively working on creating new interesting modes!
A new "Liquidation" mode is available now, where you can get a free prize.
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The probability of finding a private key in Bitcoin is equal to the probability of winning the jackpot in the lottery 9 times in a row. The SHA-256 hashing algorithm used in the Bitcoin network creates a blockchain security of 2^256.
π Hurry up and follow the link and check out the best offer in mining!
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The metric is calculated as the ratio of the value of BTC mined (in a time period) to the weighted average of the value of BTC mined.
Historically, this drop has always been followed by a price increase, indicating a potential bullish trend for BTC.
Be sure to jump on the last train and mine your own Bitcoin!
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Just recently the project overtook Arbitrum in terms of capitalization and entered the top 40 cryptocurrencies according to Coingecko.
It's not too late to become part of the project and get yourself $KAS!
π Follow the link and get the unique Liquid Asic X Kaspa in a few clicks!
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