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Bloomberg says not to worry ! Bitcoin price has dropped 12% in the last 5 days, leading to fear among investors before the halving. However, Bloomberg analyst Eric Balchunas believes this is a normal cool-off after a record-breaking period for Bitcoin ETFs. He points out that the recent outflows are small and not caused by institutional investors but by individual Bitcoin holders. Despite the recent dip, Bitcoin is still up significantly compared to last year. #bloomberginsights #BitcoinHodlers #news2024 #Bitcoin❗️

Bloomberg says not to worry !

Bitcoin price has dropped 12% in the last 5 days, leading to fear among investors before the halving.

However, Bloomberg analyst Eric Balchunas believes this is a normal cool-off after a record-breaking period for Bitcoin ETFs.

He points out that the recent outflows are small and not caused by institutional investors but by individual Bitcoin holders. Despite the recent dip,

Bitcoin is still up significantly compared to last year.

#bloomberginsights #BitcoinHodlers #news2024 #Bitcoin❗️

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Galaxy's tweet and report on the Bitcoin halving event echo Satoshi's words: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi Nakamoto, Feb. 11, 2009. On April 20, 2024, Bitcoin will undergo its fourth halving on block number 840,000. Satoshi Nakamoto programmed the halving feature in Bitcoin as a countermeasure to the continuous debasement of fiat currencies. “The root problem with conventional currency is all the trust… — Galaxy (@galaxyhq) April 17, 2024 In its report, Galaxy stated that Satoshi programmed the halving function on Bitcoin as a countermeasure to the ongoing debasement of fiat currencies, which prompted the reflection on this particular Satoshi Nakamoto comment. #BTCHalvingApril2024 #BTCHALVING. #BTC_HALVING_AND_ITs_HISTORY #SatoshiNakamoto #write2earn🌐 $BTC
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should you invest in crypto (buy the dip )or keep your money in the bank ??? .. . . . . . Here's a breakdown of the risks and rewards to help you decide: **Keeping your money in the bank:** * **Pros:** * Safe - Low risk of losing your money * Guaranteed returns (assuming the interest rate is guaranteed * **Cons:** * Relatively low returns - 17% is good, but inflation might erode its buying power over time **Investing in Crypto:** * **Pros:** * Potentially high returns - Crypto can be very volatile, but also has the potential for significant growth * **Cons:** * High risk - Crypto prices can swing wildly, and you could lose a significant amount of money * Unregulated - There's less protection for crypto investors compared to traditional investments **Here are some additional things to consider:** * **Your risk tolerance:** How comfortable are you with the possibility of losing money? If you can't stomach the idea, crypto might not be for you. * **Your investment goals:** Are you saving for a short-term goal (like a down payment on a house) or a long-term goal (like retirement)? Crypto might be a better option for long-term goals, as the market has historically bounced back from downturns. * **Do more research:** Learn about different cryptocurrencies and the technology behind them before you invest. This will help you make informed decisions. **A compromise:** * You could invest a small portion of your money (maybe 10-20%) in crypto to see how you feel about it. This way, you can limit your risk while still having the potential for higher returns.
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