Bitcoin (BTC) is ready to explode: Experts Predict Huge Increase in Value Soon.

Recent volatility in the cryptocurrency market has led some analysts to identify potential catalysts that could push Bitcoin (BTC) prices to new highs.

The United States Securities and Exchange Commission (SEC) has approved spot Bitcoin ETF trading and with the expected BTC halving, the community is worried about what could trigger the next significant rally.

“The introduction of Bitcoin Ordinals and the BRC-20 token standard by an unknown developer, Domo, has had a significant impact,” COINOTAG FINANCE reported.

In recent years, Bitcoin developers have addressed design flaws by introducing Layer-2 solutions such as the Lightning Network to increase the usability of Bitcoin for applications such as payments. However, many of these solutions have struggled to meet the growing demand for smart contracts. Despite these innovative measures, the cryptocurrency industry has faced challenges, especially regarding the security of software infrastructures such as bridges used for token transfers. These weaknesses have been a deterrent for many users, and a decline in investor interest has been observed, especially after Bitcoin's price crashed from $73,750 in March. This has led developers to explore new ways to strengthen the BTC network.

Supporters believe that despite the introduction of protocols such as Runes, more can be done to improve Bitcoin's framework. The community is currently evaluating proposals such as OP_CAT, a potential software update aimed at improving Bitcoin's programmability. Many protocols, including Layer 1 Foundation and Arch, are working on solutions to strengthen Bitcoin's capabilities. Currently, Bitcoin is trading at $66,759.42, down 0.28% in the last 24 hours.
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