HARD target hits | Zeeshan-Ahmad on Binance Square

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The current Bitcoin outlook suggests that several key factors are converging to shape a potentially significant price movement through 2024. Bitcoin’s next "halving" event, expected around April 2024, will cut mining rewards from 6.5 BTC to 3.125 BTC, reducing supply, which historically has led to price increases. Many analysts expect this event to contribute to a strong bull market similar to previous halvings【6†source】【8†source】. Several predictions place Bitcoin’s price in an ambitious range by the end of 2024 or early 2025. For example, analysts at Capriole Investments have pointed to a potential high of $280,000 in 2025 if historical halving patterns hold. Others, like 10x Research, expect Bitcoin to reach between $125,000 and $146,000 within a year after the halving【7†source】. The recent approval of spot Bitcoin ETFs in the U.S. is also driving demand, as these funds are bringing in new capital. Analysts note that high interest from institutional investors through ETFs could support prices through the coming year, alongside a favorable macroeconomic climate, such as expectations of looser monetary policies and persistent inflation concerns, which could boost Bitcoin’s role as a hedge【8†source】. In summary, 2024 could be a transformative year for Bitcoin, with cyclical patterns, halving impacts, and ETF-driven institutional interest potentially combining to drive significant price gains. However, as with all investments, volatility remains, and prices could experience fluctuations even in a bullish phase.

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#BinanceTurns7 Binance 7 year journey Binance has had a remarkable journey since its inception in 2017. Founded by Changpeng Zhao (CZ), it quickly became one of the world's largest cryptocurrency exchanges. Here are some key milestones in Binance's 7-year journey: Founding (2017): Binance was founded by Changpeng Zhao in July 2017. It launched its initial coin offering (ICO) and raised $15 million to build the platform. Rapid Growth: Within a few months, Binance became one of the largest cryptocurrency exchanges by trading volume, thanks to its low fees, wide range of supported cryptocurrencies, and user-friendly interface. Expansion of Services: Binance expanded its services beyond spot trading to include futures trading, margin trading, staking, lending, and more. It also launched its own blockchain platform called Binance Chain and its native cryptocurrency BNB. Launchpad and Innovation: Binance Launchpad was introduced as a platform to help blockchain projects raise funds through token sales. Binance has been known for its innovative initiatives in the crypto space, including the introduction of Binance Smart Chain (BSC). Regulatory Challenges: Binance faced regulatory challenges in various countries due to its rapid growth and evolving regulatory environment around cryptocurrencies. Acquisitions and Partnerships: Binance acquired several companies to expand its ecosystem, including CoinMarketCap, Trust Wallet, and WazirX, an Indian cryptocurrency exchange. Binance Coin (BNB): BNB, initially an ERC-20 token on Ethereum, migrated to Binance Chain and played a crucial role in the Binance ecosystem, including fee discounts on trades and participation in token sales. Global Reach: Binance expanded its reach globally, establishing offices and partnerships worldwide, despite regulatory hurdles in some regions. Innovative Products: Binance continued to innovate with new products and services, including decentralized finance (DeFi) platforms and NFT marketplaces. Future Directions: As of now, Binance continues to evolve, focusing on regulatory compliance.

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