Web3Hulk (@web3hulk) โข Hey
#Entrepreneur | Pharmacist | Dietician | Crypto Enthusiasts l Early Adopter | Dheet #HODLER #Buidling @FitCultureNFT
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- ๐ฅSimple guide on
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- Bitcoin has developed an expanding triangle on the daily timeframe. The D wave has concluded, suggesting a potential move towards Wave E, aiming to complete the pattern within the 38k - 35k support range. In case #altcoin setups face invalidations due to changes in #BTC price action, it is advisable to cut them explicitly. #BITCOIN
- GOOD MORNING #CRYPTO! ๐คฉโ๏ธ
Have a good trading week ahead๐
- Retail interest is not back yet.
We are still early to next big #Bitcoinโฏโฏโฏ bull cycle.
How do I know this?
It's because Retail Coinbase volume is not even higher than Q2 2022.
- Shifting to my New House ๐ก๐
- I think we will get one final push up towards the #Bitcoinโฏโฏโฏ Halving.
Then a small correction, and then the bull run starts! ๐
- If there will be one more big #Bitcoinโฏโฏโฏ correction it would be a gift.
This is not the time to panic, this is the time to accumulate!
- Hello Guys how are you ๐
- Keep Vibing here man
- Finally the SEC has been approved for the BTC ETF
- $ 1,100,000 worth of $BTC was send to Satoshi Nakamoto's wallet address.
Either we are about to find out who Satoshi is or someone just sent over a million in #Bitcoinโฏโฏโฏ to his addressโฆ.
- "๐ Celebrating 15 years since Satoshi Nakamoto mined the first Bitcoin block!
๐ Commonly known as Block 0 or Block 1, the genesis block held 50 BTC. Happy birthday, Bitcoin!
๐ฅณ #BitcoinBirthday #CryptoHistory"
- The future of Bitcoin Layer 2 protocols looks promising, as these solutions continue to evolve to address scalability and transaction efficiency issues. Lightning Network, for instance, is likely to see further adoption and development, fostering faster and more cost-effective microtransactions.
Innovations and improvements in Layer 2 technologies may include better privacy features, enhanced user experience, and increased interoperability with other blockchain networks. As the broader cryptocurrency space evolves, Layer 2 solutions will likely play a crucial role in making Bitcoin more practical for everyday transactions while preserving the security and decentralization principles of the underlying blockchain.
- "๐จ BlackRock has its sights on your #Bitcoin! ๐คฏ Don't fall for it. Stay vigilant and protect your crypto! ๐ฐ๐ #CryptoSecurity #StaySafe"
- 1/ ๐ฅBREAKING: ๐ In just 72 days, the first #Bitcoin Spot ETF is set to launch!
2/ Tick, tock! โฐ The countdown begins for Ark Invest's Bitcoin Spot ETF as the final deadline looms, exactly 72 days from now.
3/ ๐จ Here's the twist - The SEC can't reject Ark's ETF and then approve BlackRock's Spot ETF. It's one or the other.
4/ ๐ข Brace yourselves! The first-ever Bitcoin spot ETF is on the horizon, and it's coming to your portfolio within the next 72 days. ๐๐ฐ #CryptoNews #ETFs
- ๐งต Long Term Entry Opportunity! ๐
๐ Buy #ALGO/USDT between $0.07-$0.1016 for potential gains ๐ค
๐ฏ Bull Market Targets: null.20-$2
Algorand (ALGO) has dipped almost 97% from its all-time high, presenting a golden opportunity for accumulation! Here's why ๐
1/ Algorand is a self-sustaining, decentralized, blockchain-based network with wide-ranging applications.
2/ It offers top-tier security, scalability, and efficiency, making it ideal for real-world applications.
3/ Algorand supports computations that demand reliable performance guarantees, paving the way for new trust-based innovations.
Seize the moment and consider adding #ALGO to your portfolio. ๐๐ฐ #Crypto #Investing
- 1/ If you didn't catch #Bitcoin below $20,000, it's possible you've been following accounts that consistently predict another market crash. ๐
2/ But don't worry. The opportunity is still here, and the biggest mistake is not experiencing a 20% drawdown but missing the 1000% pump. ๐ #CryptoOpportunity #HODL
- 1/4: ๐๐ฆ JPMorgan Insights on #Bitcoin ๐
JPMorgan suggests that the recent price surge in #Bitcoin is being driven by institutional demand. Let's dive into the details!
2/4: ๐๏ธ Institutional Influence
Institutions, such as large financial firms, are increasingly showing interest in Bitcoin. This institutional demand is having a significant impact on the market.
3/4: ๐ Price Surge
As institutions invest in Bitcoin, it's contributing to the upward movement of its price, which has been grabbing headlines.
4/4: ๐ A Game Changer
This institutional involvement could be a game-changer for the crypto space. Keep an eye on how it continues to shape the future of #cryptocurrency! ๐ #BTCPriceSurge #CryptoInsights
- 1/4: ๐๐ค BlackRock's Move into #Bitcoin ๐
BlackRock is getting into #Bitcoin, but the impact on the market may not be what you expect. Here's why:
2/4: ๐ก Acquisition Strategy
BlackRock's strategy involves obtaining #Bitcoin through miners, exchanges, and governments via OTC (over the counter) transactions. This isn't your typical market-pumping move.
3/4: Price Impact?
The key point is that this method doesn't have a direct influence on the price of $BTC. So, don't expect immediate market pumps.
4/4: Accumulation Confirmed
BlackRock has made it clear in their statements to the SEC that they're in accumulation mode. Keep an eye on this development! ๐ง #CryptoInsights #BlackRockBitcoin
- ๐งต Exploring Crypto Index Funds vs. Crypto ETFs ๐๐ฐ
1/ ๐ก Both crypto index funds & crypto ETFs offer diversified exposure to crypto assets. They make it easy for investors to tap into the crypto market. ๐
2/ ๐ณ You can buy and sell both on crypto exchanges. But here's where things differ...
3/ ๐ผ Crypto Index Funds: These are bought & sold directly through the fund company. Their value is determined at the close of the trading day. ๐
4/ ๐ผ Crypto ETFs: These trade like individual tokens on crypto exchanges. You get real-time pricing and more trading flexibility. ๐ฑ๐น
5/ ๐ฐ ETFs often have lower expense ratios compared to index funds. Index funds usually come with higher expenses. ๐ธ
6/ ๐ The key is that both options offer different levels of accessibility and transparency. Choose the one that aligns with your investment goals and preferences. ๐ค
#Crypto #Investing #ETFs #IndexFunds
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- Aethir - Your Ultimate AI and Gaming Cloud Partner ๐ฎ๐คโ๏ธ
1/ ๐ Exciting times for gamers and AI enthusiasts! Aethir is making waves by building a Decentralized Cloud Infrastructure tailored for gaming and AI applications. Let's dive into why Aethir is your go-to partner in this space.
2/ ๐ฎ Gaming is all about speed, responsiveness, and scalability. Aethir understands this. By leveraging decentralized resources, they're creating a gaming ecosystem that's not only lightning-fast but also incredibly resilient.
3/ ๐ง AI demands massive computing power. Aethir's decentralized cloud architecture means you can access the computational muscle you need, when you need it, without the limitations of a single, centralized data center.
4/ Cost-efficiency is key. With Aethir, you only pay for the resources you use. No need to invest in expensive, static infrastructure. Scale up or down as your gaming or AI projects require.
5/ Security matters. Aethir's blockchain-based approach adds an extra layer of security to your gaming and AI data. Your data remains under your control, reducing the risk of breaches and ensuring data integrity.
6/ Say goodbye to downtime! Aethir's decentralized network reduces the risk of single points of failure. Game on or crunch data without interruptions - your AI and gaming experiences just got more reliable.
7/ Innovation is at the core. Aethir isn't just building infrastructure; they're partnering with developers and businesses to push the boundaries of what's possible in gaming and AI. Expect groundbreaking projects!
8/ Green and sustainable. Aethir is committed to minimizing its environmental footprint. By optimizing energy usage and reducing waste, they're helping to create a more sustainable future for cloud computing.
9/ Whether you're a game developer, AI researcher, or just a passionate gamer, Aethir is here to empower your dreams. Their decentralized, scalable, and cost-efficient cloud infrastructure is a game-changer.
10/ In conclusion, Aethir is your best AI and gaming cloud partner. They're redefining what's possible in these fields, and the future looks exciting! Keep an eye on Aethir as they continue to innovate. ๐๐น๏ธ #AethirCloud #DecentralizedGaming #AIInfrastructure
- ๐ The Potential of #Bitcoin to Reach $200k+ by 2025 ๐
1/ ๐ Blackrock's BTC Spot ETF Approval:
Did you know Blackrock boasts a 99.8% success rate with ETF approvals? Historically, they've seen just one rejection. This bodes well for #Bitcoin!
2/ ๐ Trust in Blackrock:
In the 2008 financial crisis, both the US government and the Federal Reserve turned to Blackrock for guidance. Their expertise is a vote of confidence in the premier asset manager.
3/ ๐ค Blackrock's CEO & Bitcoin:
Blackrock's CEO has been increasingly optimistic about Bitcoin, likening it to "digital gold" and endorsing its role in diversifying portfolios. His support matters.
4/ ๐ผ Blackrock's Institutional Bitcoin ETF:
They're not waiting on the sidelines! Blackrock has already introduced a private Bitcoin ETF for their institutional clients, signaling their commitment to crypto.
5/ ๐ Success in Other Regions:
Spot Bitcoin ETFs have successfully launched in Europe and Canada, paving the way for broader acceptance and adoption worldwide.
6/ ๐ Competition in the Queue:
It's not just Blackrock; other elite asset managers like Vanguard and Fidelity are also in line with applications for Bitcoin spot ETFs this cycle. The competition is heating up!
#Crypto #ETF #Investing #2025BitcoinPrediction ๐๐
- 1/ ๐บ๐ธ Breaking News: US Presidential candidate Robert F. Kennedy Jr. is making waves with his bold stance on #Bitcoin! ๐ He firmly believes that it should serve as the reserve currency for the US Dollar. ๐งต #CryptoRevolution #RFK4Bitcoin
2/ Kennedy argues that #Bitcoin's decentralized nature could safeguard the dollar from inflation risks and the whims of central banks. ๐น๐ฐ His vision is to establish a more resilient financial system. ๐ช #CryptoEconomics #RFK4Bitcoin
3/ Critics, however, question the feasibility of such a monumental shift. They cite regulatory hurdles and the need for broader acceptance. ๐ค๐ What do you think? Can Bitcoin truly replace the US Dollar's role as the world's reserve currency? ๐๐ธ #Debate #RFK4Bitcoin
4/ Kennedy's proposal sparks discussions about the future of finance and the evolving role of cryptocurrencies in global economics. ๐๐ก Join the conversation and share your thoughts! ๐ฃ๏ธ #CryptoFuture #RFK4Bitcoin
5/ Stay tuned for more updates on this intriguing development in the world of politics and crypto. ๐ฐ๐ #BitcoinNews #RFK4Bitcoin
- "If the SEC approves any #Bitcoin ETF, they might just approve them all at once! ๐ - Cathie Wood #Crypto #SECApproval"
- "๐ In just 99 days, get ready for the launch of the first #Bitcoin Spot ETF! ๐ Here's why it's likely:
With the final deadline for Ark Invest's Bitcoin Spot ETF in 99 days, it's improbable the SEC rejects it and then approves BlackRock's ETF. Grayscale's lawsuit win against the SEC suggests all spot ETFs might get the green light before Ark's. Brace yourselves for the first Bitcoin spot ETF within 99 days! ๐๐ฐ #Crypto #ETFs"
- "Pain of discipline ๐ช: The temporary discomfort of hard work and sacrifice that leads to growth and success.
Vs
Pain of regrets ๐: The lifelong burden of wondering 'what if' for not taking action.
Choose wisely. #Discipline #NoRegrets"
- ๐งต Twitter Thread ๐งต
๐ Crypto Narratives Master Plan: How to Build Your Positions ๐
1/ ๐ This year, we've seen a flood of new crypto narratives. Some soared briefly, while others hold long-term promise. How should you navigate this crypto landscape?
2/ ๐ผ Allocating funds across these narratives isn't easy. Many claim to be the "next big thing," but only a few will shine in the next bull run.
3/ โฐ To build your positions, consider two critical factors: market cap and market timing.
4/ โณ Timing hinges on product-market fit and user adoption. Narratives like Telegram bots, RWA, and Decentralized AI are new and seeking their market fit.
5/ ๐ Meanwhile, L2s, DEXs, and Derivatives have found their groove with a user base.
6/ ๐ Allocate more to narratives with proven product-market fit, strong tokenomics, at least one bull cycle, higher market cap, and active users.
7/ ๐ซ Conversely, be cautious with newer narratives lacking users, product-market fit, solid tokenomics, and a low market cap.
@
8/ ๐ My top three risk categories:
โพ๏ธ L2s (low risk)
โพ๏ธ DePIN (medium risk)
โพ๏ธ Omnichain (higher risk)
9/ ๐ Check out the master plan infographic for more insights on crypto narratives and featured projects.
10/ ๐ Featured projects in various categories below. ๐ @
#CryptoInvesting #CryptoNarratives #InvestWisely
Disclaimer: This isn't financial advice. Research thoroughly before investing. Blind investing can lead to financial loss. Stay informed! ๐ก
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- ๐งต Let's talk about the potential for #Bitcoin to hit new all-time highs in November 2024. ๐
1/ ๐ก Historical Pattern: Bitcoin has consistently followed a fascinating pattern. It tends to reach new All-Time Highs (ATHs) approximately six months after a significant event called "the halving."
2/ โ๏ธ The Halving: The Bitcoin network experiences a halving event roughly every four years. During this event, the block rewards for miners are reduced by half. This scarcity mechanism is hard-coded into Bitcoin's protocol.
3/ ๐ Post-Halving ATHs: If we look back, we can see that after each halving event in 2012, 2016, and 2020, Bitcoin's price indeed surged to new ATHs roughly six months later.
4/ ๐๏ธ November 2024: So, if history repeats itself, we might expect Bitcoin to experience another halving event in 2024 and, if the pattern holds, potentially reach new ATHs in November 2024.
5/ ๐ Bullish Sentiment: Of course, market dynamics can vary, and past performance is not indicative of future results. But this historical pattern has contributed to the bullish sentiment surrounding Bitcoin.
6/ ๐ฌ Speculation and Analysis: It's essential to remember that the crypto market is influenced by various factors, including adoption, institutional interest, macroeconomic conditions, and regulatory developments. These can all impact Bitcoin's price.
7/ ๐ค Keep an Eye Out: As we approach 2024, it'll be fascinating to observe how Bitcoin behaves in the lead-up to the halving and whether it continues to follow this historical trend.
8/ ๐ Stay Informed: To stay updated on Bitcoin's journey and cryptocurrency news in general, make sure to follow reliable sources and do your research. The crypto space is always evolving!
9/ ๐ In Conclusion: While history provides an intriguing perspective, it's essential to approach cryptocurrency investments with caution and a long-term view. New ATHs in November 2024? Let's watch and see! ๐๐ฐ #CryptoPredictions
- ๐ Let's dive into the world of SocialFi within the crypto segment! ๐
1/ ๐ท Lens Protocol: Lens Protocol is a trailblazer in the SocialFi space. It's revolutionizing how content creators and their communities interact. With decentralized tools for content monetization, Lens Protocol empowers creators to retain the value they generate.
2/ ๐ผ DeBank: DeBank is your one-stop-shop for all things DeFi. It brings together DeFi portfolios, analytics, and yield farming strategies. DeBank not only simplifies the complex DeFi landscape but also fosters a community of informed DeFi users.
3/ ๐ซ friend.tech: friend.tech is all about social experiences in the crypto world. It's a platform where friends can connect, share, and collaborate on crypto projects. With friend.tech, the power of social networking meets the crypto revolution.
4/ ๐ Farcaster: Farcaster bridges the gap between Bitcoin and the Lightning Network. It's all about enabling fast and secure Bitcoin transactions on the Lightning Network. This project has the potential to enhance Bitcoin's scalability and usability.
5/ ๐ช Mirror: Mirror is changing the way we think about content monetization. It allows creators to tokenize their work, turning articles and blogs into crypto assets. Mirror is all about giving creators more control and revenue from their content.
In summary, these top 5 projects in SocialFi are reshaping the crypto landscape. From empowering creators to simplifying DeFi and enhancing Bitcoin's capabilities, they're at the forefront of innovation. Keep an eye on these projects as they continue to drive the crypto segment forward! ๐ #SocialFi #CryptoProjects #BlockchainInnovation @
- ๐ง Let's break down the truth about the #Bitcoin Spot ETF that BlackRock filed for. ๐
1/ ๐คฏ Did you know that to back their Spot ETF, BlackRock needs physical Bitcoin? Yep, that's right. They've got to have the real deal.
2/ ๐ฐ So, there are two possibilities here. Either they already snagged some Bitcoin a while back at lower prices, or...
3/ ๐ They might be intentionally pushing the prices down now to grab Bitcoin at a more attractive entry point. ๐ต๏ธโโ๏ธ
4/ ๐ผ Why the latter scenario? Well, BlackRock profits from performance fees. Lower entry prices mean bigger gains later. It's a Wall Street game.
5/ ๐จ Don't fall for it! Wall Street is making its move into Bitcoin. Be vigilant, and remember, knowledge is power! ๐ช๐ #Crypto #WallStreet #BTCETF
- ๐ Exciting News! ๐ In just 102 days, brace yourselves for the launch of the FIRST #Bitcoin Spot ETF! ๐
Why is this happening, you ask? Well, let's break it down. ๐
1/ ๐๏ธ In 102 days, the final deadline for the Ark Invest Bitcoin Spot ETF will arrive. It's a game-changer, and here's why! ๐คฏ
2/ ๐ซ They can't simply reject Ark's ETF and then approve the BlackRock Spot ETF. The SEC's got some decisions to make, and it's gonna get interesting! ๐ง
3/ ๐๏ธ Grayscale already won a lawsuit against the SEC. That's a big deal! With that precedent, there's a good chance all the spot ETFs will be accepted before Ark Invest's.
4/ ๐ฎ So, mark your calendars! With all these factors in play, it's highly likely that we'll witness the birth of the first Bitcoin spot ETF within the next 102 days. ๐
Stay tuned for more crypto updates! ๐ข๐ฐ #CryptoNews #ETF #BitcoinETF
- **Breaking News: Tesla Holds still 10,725 #Bitcoin, Valued at $291 Million!** ๐๐ฐ #Crypto #TeslaHoldings
- ๐ Only 200 days left until the next Bitcoin halving! ๐ What does this mean for you? Let's break it down. ๐
1st Halving: 25 BTC per block
2nd Halving: 12.5 BTC per block
3rd Halving: 6.25 BTC per block
The upcoming 4th halving will reduce production to 3.125 BTC per block. ๐ง
But here's the kicker: Bitcoin available on exchanges is dwindling fast. ๐ฐ This will have a massive impact on supply and demand dynamics. ๐
It's a simple equation: less supply, growing demand. ๐ก
The next 12-24 months will be ripe with opportunities. ๐
I've been stacking sats in preparation for the next bull run. ๐ Have you? ๐ค #Bitcoin #Halving #CryptoOpportunities
- ๐งต Twitter Thread:
1/ Elon Musk recently stated that Tesla would consider resuming #Bitcoin payments when mining reaches about 50% sustainability.
2/ Bloomberg has just released a report confirming that the current sustainable usage of Bitcoin mining has indeed exceeded the 50% mark.
3/ So, the big question remains: Elon, when can we expect Tesla to start accepting $BTC payments again? ๐๐ฐ #TeslaBitcoin
4/ Many crypto enthusiasts are eagerly awaiting this decision, as it could have a significant impact on the adoption and mainstream use of cryptocurrencies.
5/ Tesla's influence in the market is undeniable, and its stance on Bitcoin payments is closely watched by investors and the crypto community.
6/ With sustainability in focus, it will be interesting to see how this unfolds and whether other companies follow Tesla's lead in embracing more eco-friendly crypto prac @ tices.
7/ Stay tuned for updates as we await Elon Musk's response and any official announcements from Tesla regarding #Bitcoin payments. ๐ข๐ #CryptoNews #Sustainability
8/ What are your thoughts on this development? Do you believe Tesla will soon resume accepting Bitcoin as a payment option? Share your opinions below! ๐๐ฌ #CryptoTwitter
- "According to Robert Kiyosaki, author of Rich Dad Poor Dad, he predicts a significant surge in Bitcoin demand as traditional markets like stocks, bonds, and real estate appear uncertain. ๐๐ฐ #Bitcoin #Investing"
- Predicting the future of Bitcoin becoming the world's reserve currency is speculative, and it's important to note that cryptocurrencies are subject to significant regulatory, technological, and market uncertainties.
โ
Some arguments in favor of Bitcoin becoming a global reserve currency include its decentralized nature, limited supply, and increasing adoption as a store of value. However, there are also significant challenges, such as regulatory hurdles and concerns about its volatility.
โ
For Bitcoin to become a world reserve currency, it would likely require broader acceptance by governments, central banks, and international institutions, as well as significant stability and infrastructure improvements. It's difficult to predict when or if this transition might happen, as it depends on various factors that can change over time.
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- "๐ค Is Gary Gentler suppressing Bitcoin's price for the elites?
There's strong evidence of massive behind-the-scenes buying - over 1,000,000 Bitcoins pulled from exchanges in 3 years.
Gary may try to keep $BTC and its ETF down, but eventually, reality will catch up. When it does, expect a flood of action.
Stay informed, don't be misled. ๐ #Bitcoin #CryptoInsights"
- (Thread)
1/ Taxis vs. Uber: ๐๐๐
Taxis often feel threatened by Uber's convenience and competitive pricing. It's a classic battle between traditional and disruptive transportation services.
2/ Hotels vs. Airbnb: ๐จ๐๐ก
Hotels may not be fans of Airbnb, as it offers travelers unique, cost-effective alternatives. This rivalry represents the sharing economy challenging traditional accommodations.
3/ Retail shops vs. Amazon: ๐๏ธ๐๐ฆ
Retail shops have faced fierce competition from Amazon, with its vast selection and speedy deliveries. The shift to e-commerce has left many traditional retailers struggling to adapt.
4/ Mainstream media vs. ๐: ๐ฐ๐โ
๐ represents a symbol of the changing media landscape. Mainstream media often dislike disruptive platforms that challenge their dominance and traditional reporting methods.
5/ Banks vs. #Bitcoin: ๐ฆ๐๐ช
Banks are wary of #Bitcoin, as it threatens their central role in financial transactions. The decentralized nature of cryptocurrency challenges traditional banking systems.
In a world of disruption, these rivalries highlight the tension between innovation and tradition. ๐ฅ๐ #Disruption #Business #Technology
- "๐ Apple's diving into the world of #crypto. โณ It's only a matter of time. ๐ You heard it here first! #AppleCrypto"
- "Counting down 23 days till SEC's next review of #Bitcoin ETFs! โณ Will Gary Gensler give the green light to Spot Bitcoin ETFs? ๐๐ #Crypto #SEC #ETFApproval"
- 1/ Many fail to realize that BlackRock requires actual #Bitcoin to support their Spot ETF. ๐ง
2/ It's possible they've previously secured their #Bitcoin when prices were more favorable. ๐ฐ
3/ Alternatively, they might be strategically influencing the prices to drop, offering a more advantageous entry for themselves. ๐
4/ The second option seems more plausible to me. After all, if they had already secured their Bitcoin earlier, why allow prices to fall back to their purchase level? ๐ค #CryptoStrategy #BlackRockBTC
#BitcoinInvesting #CryptoMarket #ETFs
- ๐งต Why I'm skeptical about #Binance ๐ค
1/ Legal troubles galore! ๐
- SEC's strong evidence against them.
- CFTC's hefty charges with proof.
2/ Exec Exodus! ๐ฅ
- High-ranking execs leaving in droves.
3/ PoR Drama! ๐ต๏ธ
- Self-verified, no 3rd party.
4/ BUSD Bye-Bye! ๐ธ
- Discontinued BUSD.
5/ Global Retreat! ๐
- Exiting Canada, Germany, Netherlands, Belgium.
6/ DOJ Dilemma! โ๏ธ
- Potential money laundering, terror financing, sanctions breach charges.
7/ French Fiasco! ๐ซ๐ท
- Serious money laundering probe in France.
8/ Auditor's Out! ๐
- Auditor resigns, approval revoked.
9/ Banking Bust! ๐ฆ
- Cut ties with banks, tough fiat transactions.
10/ Downsizing Drama! ๐ผ
- Major staff reductions.
11/ Perk Pinch! ๐
- Reduced staff perks.
It's a rocky road for #Binance. Playing it safe! ๐ #CryptoNews
- ๐จ Breaking News: Mt. Gox trustee extends the repayment deadline to October 2024.
In 2011, a major hacking incident took place, ultimately causing the exchange's collapse in 2014 due to alleged insolvency claims.
This regrettable event affected approximately 24,000 creditors and resulted in the loss of 850,000 BTC.
is this news is Bullish Or Bearish??
Comment ๐
- Many individuals tend to underestimate the profound impact of a Spot Bitcoin ETF. While some argue that the availability of Bitcoin for direct purchase diminishes the novelty of an ETF, they overlook crucial advantages. ETFs provide tax benefits and the option for leverage, making them highly attractive to major institutional investors, including pension funds. These factors can significantly enhance market liquidity.
For instance, Bloomberg projects that the mere introduction of BlackRock's Spot Bitcoin ETF could trigger an immediate influx of approximately $150 billion. BlackRock is not the sole player in this arena; numerous leading asset management firms are in the process of filing for their own Spot ETFs.
These developments hold the potential to propel Bitcoin to $40,000 within a matter of weeks, with the long-term potential of surpassing $100,000. The upcoming Bull Run is bound to be a game-changer!
- "Three major global asset managers have shown significant interest in Bitcoin:
- BlackRock, which has not only submitted an ETF application but also made substantial investments in Bitcoin mining companies.
- Fidelity, an early adopter that began mining Bitcoin in 2014 and is now seeking approval for a Bitcoin spot ETF.
- Franklin Templeton, which introduced a Blockchain Fund for Institutional Investors in 2021 and is currently pursuing a Bitcoin spot ETF application.
Given these substantial moves by major players, it's challenging to maintain a bearish stance on Bitcoin."