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The 21M Bitcoin Limit: Fact or Myth? BlackRock questioned ! 🤯 On December 17, 2024, BlackRock, the world’s largest fund manager, cast doubt on Bitcoin's 21 million supply cap, claiming it isn't guaranteed to remain fixed. This raised concerns in the crypto community about Bitcoin's scarcity, value, and network security. Technically, altering the supply cap would require a hard fork and widespread consensus. However, experts argue this would fundamentally change Bitcoin's nature. Super Testnet, creator of BitVM, emphasized, “Without the supply limit, it’s no longer Bitcoin.” The 21 million limit ensures Bitcoin's scarcity and underpins its value. Critics warn a change could undermine miner incentives, threaten network security, and shake investor confidence, particularly as block rewards halve further in 2028. Reactions were divided. Some dismissed the likelihood of a change, while others suggested BlackRock's statements reflected a deeper understanding of Bitcoin. Market volatility surged, with parallels drawn to the 2016-2017 Blocksize Wars, when the Bitcoin community resisted similar significant changes. While Bitcoin’s decentralized governance safeguards it from external pressures, BlackRock’s influence highlights growing institutional sway, raising questions about decentralization's future. Mr.WealthWave #BlackRocks #BTC☀ #ETH🔥🔥🔥🔥
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Crypto Market Dips 10% After $1 Billion Liquidation Following Fed’s Rate Cut ⚠️ Hey WWV fam! The crypto market faced a significant correction, dropping nearly 10% as over $1.25 billion in positions were liquidated within 24 hours. Bitcoin fell below $96,000, while meme coins suffered the largest losses. This sell-off came after the Federal Reserve cut interest rates by 25 basis points but projected higher inflation and minimal rate cuts in 2025. While typically bullish for crypto, these projections spooked the market. Bitcoin saw $45M in liquidations, with Ethereum at $30M. Despite the dip, analysts suggest this is a short-term correction. Bitcoin is still up 130% this year, and its supply shortage indicates long-term bullish potential. Companies like MicroStrategy and MARA are adding to their BTC holdings, showing confidence. As Bitcoin’s dominance declines, altcoin opportunities could arise. Stay informed—markets are cyclical, and opportunities always follow correction. Mr.WealthWave #BTC☀ #ETHETFS #Binance #fedinterest
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Always remember Bitcoin’s volatility is a feature not a Bug ! Don't feed whales ⚠️
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