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BTC itself is the standards of crypto, just like the US dollars is in fiat and BTC's value is inherently tied to a cashless world. Most governments aren't against BTC(except the US gov obviously), they're against its speculative nature, a lot of institutions are rooting for currencies tied to BTC to stabilize and be plausible to be adapted on a wider scale, especially etherium. #BTC #ETH! $ETH $BTC

BTC itself is the standards of crypto, just like the US dollars is in fiat and BTC's value is inherently tied to a cashless world. Most governments aren't against BTC(except the US gov obviously), they're against its speculative nature, a lot of institutions are rooting for currencies tied to BTC to stabilize and be plausible to be adapted on a wider scale, especially etherium.

#BTC #ETH! $ETH $BTC

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The Bull Run, what is it?? A “bull run” is when prices keep going up and people feel good about the market. This happens with cryptocurrencies, especially Bitcoin leading the way. During a bull run, prices go higher and higher, which makes investors happy because they see their investments making more money and reaching new records. Characteristics of the Bull Run 1. Bitcoin price surge During a bull run, the first big thing you’ll notice is the price of Bitcoin shooting up. It keeps going higher and higher, staying up for a while. 2. Optimism During a bull run, investors feel good about the market and think prices will keep going up. Everyone in the crypto community gets excited and hopeful. When people feel positive, they buy more, which pushes prices even higher. 3. Increased trading volume There’s a higher level of buying and selling activity in the market hence there’s an increase in the trading volume recorded across various trading platforms and exchanges. 4. Media attention The bull runs attract widespread coverage in the media, drawing more people into the market. As the price of Bitcoin and other cryptocurrencies surges, the media spreads the news. 5. New investor influx More people, including newcomers, start investing in cryptocurrencies. The media attention on cryptocurrency during bull runs makes newbies aware of the crypto market, and they begin to come in in their numbers. 6. Altcoin rally The party jollof is not left for BTC alone, but many other cryptocurrencies (altcoins) also see substantial price increases. Altcoins hit up to 20x, 100x, 1000x, and even more in profit. 7. FOMO (Fear of missing out) Investors, both new and old, who haven’t invested in cryptocurrency worry about missing out on potential profits, driving more buys. Most times, they end up as exit liquidity. #StartInvestingInCrypto
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Buy Bitcoin for retirement plan The no-brainer crypto investment option is Bitcoin, which has an incredible track record of outperforming the broader market. From 2011 to 2021, for example, Bitcoin was the top-performing asset in the world, and it wasn't even close. Bitcoin delivered annualized returns of 230% per year. The next best asset class -- tech stocks -- delivered just 20% per year. While that type of performance will be difficult to replicate going forward, Bitcoin delivered returns of 150% last year, and is up 60% through the first five months of 2024. With Bitcoin currently trading near its all-time high of $73,750, the big question on the minds of many investors is just how much higher it can go. Some have suggested that Bitcoin could hit $150,000 by the end of 2025. And Cathie Wood of Ark Invest has suggested that Bitcoin could soar to $1 million by 2030. If your retirement horizon is 10, 20, or even 30 years away, the sky's the limit for just how much higher Bitcoin might go. There's one more factor that makes Bitcoin particularly compelling from a retirement planning perspective: the launch of new spot Bitcoin ETFs in January. Prior to this year, using crypto to save for retirement was pretty much a patchwork, DIY project. It was complicated and not efficient because there was no standardized crypto investment product that individual investors could use for retirement. Now there is. And the thinking now is that Bitcoin ETFs are going to start showing up more and more as options in retirement savings plans.
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Bitcoin price falls below $68,000 following transfer worth $9.6 billion from Mt. Gox cold wallet The price of bitcoin fell below $68,000 following a significant transfer from a Mt. Gox cold wallet. Early on Tuesday, Mt. Gox appeared to have transferred out bitcoin worth at least $9.6 billion from its cold wallets, according to data from Arkham Intelligence. Bitcoin's price has decreased by over 1.5% in the past 24 hours and was changing hands for $67,818 at 10:17 a.m. ET, according to The Block’s Price Page. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased by 1.42% to 145.45 in the same period. Expectation of broader trend higher However, QCP Capital analysts said that a sudden bout of "supply anxiety" will likely be only a blip in a broader upward trend towards the end of the year. Tuesday's QCP Capital report outlined three reasons to remain bullish on bitcoin in the medium to long term. "A stronger equity markets led by counters like Nvidia should pull crypto prices higher, crypto is seeing unprecedented political support in the U.S., and we expect strong demand for the ether spot exchange-traded fund (ETF) once it begins trading, bringing in a fresh capital into crypto," the QCP Capital analysts added Reduced market volatility over the summer According to Arbelos Markets co-founder Joshua Lim, some of the major creditors of the defunct Mt. Gox exchange are experienced investment firms specializing in distressed debt who likely use hedging strategies to manage the risks associated with their claims. "Some of the largest holders of Mt Gox claims are sophisticated distressed debt investing firms that have likely been hedging their claims positions as they've accumulated them and into a possible distribution," Lim told The Block. He added that an anticipated increase in cryptocurrency supply from the Mt. Gox creditor payouts and the FTX estate could temper a market upswing over the medium term, resulting in a less volatile market that will trade within a narrow range over the summer. $BTC #btc #StartInvestingInCrypto
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