A JPMorgan survey of more than 4,000 traders showed that 78% do not plan to trade cryptocurrencies, while 12% intend to do so within the next five years.
Additionally, 61% of respondents expect artificial intelligence and machine learning to shape the future of commerce within the next three years.
According to the latest data, British Prime Minister Rishi Sunak's crypto ambitions are facing hurdles, as the FCA only approved four out of 28 companies in the last year. Strict advertising regulations and regulatory uncertainty hinder big players??? #Write2Earn #BTCAllTimeHigh
Why Bitcoin Will Still Rise Despite Economic Policy Uncertainty
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The US Federal Reserve kept interest rates between 5.25% and 5.5% yesterday, in line with widespread market predictions.
In his speech, the Chair of the Fed, Jerome Powell, also managed to reduce market expectations of an interest rate cut in March. The market currently estimates the probability that an interest rate cut will be communicated at the Fed's March meeting at only 35.5%, down from 48% a week ago.
All Eyes on Inflation
In the question and answer session following the press release, Jerome Powell emphasized the need to have 'greater confidence' that inflation continues its downward trend towards the desired 2% before a rate cut can be implemented. #Write2Earn #BTCBullrun #halving2024
$BTC price predictions are indeed bullish, although they are often wrong. While technical analysis shows that Bitcoin is currently in a consolidation phase, it is important to remain alert to external factors that could drive the price. If Bitcoin can break through a key resistance level, we may see a significant uptrend.
However, investors should be cautious in approaching these predictions and consider diversifying their portfolio to mitigate risk. With the ever-changing state of cryptocurrency regulation and global economic conditions, predicting the exact movements of Bitcoin or any other cryptocurrency remains a challenging task.
As the world's first cryptocurrency, Bitcoin is remembered as revolutionary with its blockchain technology. This is why the BTC crypto coin will always be the benchmark of the crypto market. Therefore, the crypto coin that will rise in 2024 is Bitcoin. The price of Bitcoin $BTC today is $42,970 and has the potential to skyrocket in 2024 to above $..5,000. Meanwhile, in the long term, the prospects for this crypto asset with the largest market cap are bullish so it is good and safe for investment.#Write2Earn #bestcoin #BTC
bitcoin halving, which takes place once every four years and is scheduled for May 2024. A halving is when miners see the rewards for their work cut in half. This limits the supply of bitcoin - of which there will only be 21 million coins - and is often a factor behind new rallies.
Will your dreams come true this year? let's look forward to it together!
Will $BTC in 2024 be the beginning of realizing all the dreams of people like us, who have just entered the world of crypto 🤲#halving2024 #bitcoinhalving