What is bitcoin halving and how much bitcoin gained after each halving? When will next bitcoin halving occur?

Bitcoin halving is when the reward for mining bitcoins is cut in half#, which happens every four years.

According to Investopedia, the price of bitcoin increased by about 9000% in the 150 days following the first halving in 2012,

And by about 2800% in the 150 days following the second halving in 2016.

However, past performance is not a guarantee of future results, and many other factors can affect the price.

The last bitcoin halving occurred on May 11, 2020, when the block reward dropped from 12.5 BTC to 6.25 BTC per block.

According to the data I found, the bitcoin price before the last halving on May 11, 2020 was $8,821.421. The current bitcoin price is $47k That means bitcoin has increased by more than 400% since the last halving.

The next bitcoin halving is expected to happen in April 2024, when the block reward will drop to 3.125 BTC per block. Bitcoin halving affects the supply and demand of bitcoins, which can influence the price.

What is your opinion on bitcoin price to be after upcoming halving in April, 2024?

#BTC #bitcoin halving #What is bitcoin halving

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3 Lucrative Alternatives to Solana (SOL) for Potentially High Returns in 2024

Amidst the volatility of Solana (SOL), investors are seeking alternative prospects with the essential traits for the future of Web3—speed, scalability, and reliability. Three standout projects in this regard are-

1- Retik Finance (RETIK): Empowering

Retik Finance, a rising star in DeFi, seeks to revolutionize digital-era financial transactions. Offering DeFi debit cards, a crypto payment gateway, and partnerships with Visa and Mastercard, Retik ensures secure, private, and swift transactions. With an ongoing presale at $0.06 per token, it has raised $5.6 million, reflecting strong growth and investor interest.

2- Polkadot (DOT): Pioneering

Interoperability As a leading project in blockchain, Polkadot envisions a decentralized Web3 by connecting disparate blockchains. Its recent collaboration with Cardano via the Substrate framework promises a new ecosystem fostering cross-chain communication and integration. Having surged to $5.90 in November 2023, Polkadot is marking significant strides in the market.

3- Avalanche (AVAX): Speedy and Secure Blockchain Platform

Avalanche aims to facilitate swift, scalable, and secure transactions across various applications. Notable achievements include launching a $50 million fund for real-world asset development, partnering with major institutions like JPMorgan Chase and CitiBank, and becoming a primary blockchain platform for GameFi. Its recent 120% surge to $41 underscores its growth trajectory..

#solanaalternatives #solana #altclins

Standard Chartered presents ambitious forecasts for the market post Bitcoin ETF approval

Standard Chartered Bank anticipates a substantial influx of $50 to $100 billion into Bitcoin after approving spot ETFs, with industry experts speculating a decision by this week.

The international banking giant recently made a noteworthy prediction regarding Bitcoin, foreseeing a substantial influx of $50 to $100 billion in spot ETF inflows upon approval of the investment product, expected in 2024.

The bank's forecast is based on the anticipation surrounding more than a dozen spot Bitcoin ETF applications currently under consideration by the U.S. Securities and Exchange Commission (SEC).

According to Standard Chartered, Bitcoin could not only witness substantial inflows but also achieve a remarkable price milestone of $200,000 by the end of 2025, surpassing its previous all-time high.

#bitcoinforecarst #bitcoinpricepredictiom #StandardChartered

Most common crypto investment strategy?

The most common crypto investment strategy is buy and hold. This is a strategy where you buy a crypto asset and hold it for the long term, regardless of the price fluctuations. This way, you can benefit from the potential future growth and appreciation of the asset.

Buy and hold is a popular strategy among crypto investors because it is simple, easy, and requires minimal effort. You do not need to monitor the market closely, use technical analysis, or execute frequent trades. You only need to do your own research, choose a reliable and secure storage method, and have a long-term vision.

However, buy and hold is not a risk-free strategy, as crypto assets are highly volatile and unpredictable.

You may face significant losses if the market crashes or the asset becomes obsolete. You also need to have a strong conviction and patience to withstand the market swings and resist the temptation to sell prematurely. Therefore, you should only invest what you can afford to lose and diversify your portfolio to reduce your exposure.

#InvestmentStrategies #InvestmentInfo #invest #BTC

How many times and when in the past, SEC rejected bitcoin ETFs?

According to the research, the SEC has rejected 33 applications for a spot bitcoin ETF as of June 2023.

Here is a brief timeline of the major Bitcoin ETF proposals and their outcomes:

July 2013: The first ever attempt at a Bitcoin ETF came from Cameron and Tyler Winklevoss, who proposed the Winklevoss Bitcoin Trust. The SEC officially rejected the proposal in March 2017.

July 2017: Grayscale officially filed an application for its Grayscale Bitcoin Trust (OTCQX:GBTC) in July 2017. Three months later, Grayscale withdrew its application to the SEC and chose to list its fund on the OTC market. To this day, the GBTC fund is the largest and most popular Bitcoin fund, but it’s still not listed on a major U.S. exchange.

September 2017: ETF specialist ProShares applied for two Bitcoin ETFs. Both proposals were rejected by the SEC along with seven other proposed Bitcoin ETFs in August 2018.

December 2017: Both Direxion and GraniteShares filed applications with the SEC for respective Bitcoin ETFs. Both were rejected in August 2018.

January 2019: Bitwise proposed the Bitwise Bitcoin ETF Trust in January 2019. The SEC rejected its proposal about nine months later.

January 2019: Wilshire Phoenix proposed a unique approach to a Bitcoin fund with the United States Bitcoin and Treasury Investment Trust. Thh Proposal was rejected in February 2020.

February 2019: Realty Shares ETF Trusts proposed a Bitcoin fund. The SEC forced the company to withdraw its proposal just two days later.

June 2020: WisdomTree submitted an application for a commodity fund that would invest up to 5% of its assets in Bitcoin futures.

June 2023: BlackRock, the world’s largest asset manager, filed an application for a spot bitcoin ETF, hoping to succeed where dozens failed.

The last bitcoin ETF spot requests were made by several firms in June 2023, hoping to launch a spot bitcoin ETF in early 2024.

The SEC has not yet made a decision on this proposal & expected a decision before 10th Jan, 24.

#BTC #etf #SECApprovalJourney

What are bitcoin price prediction scenarios in the event of bitcoin ETF approval or disproval or delay?

If the SEC approves one or more spot bitcoin ETFs, this could trigger a major rally in the price of bitcoin, as it would open the doors for institutional and retail investors to access bitcoin in a convenient and regulated way. 

Some analysts expect the price of bitcoin to soar above $150,000 or even $180,0002 by the end of 2024, if several spot bitcoin ETFs are approved.

If the SEC rejects all the spot bitcoin ETF applications, this could cause a sharp drop in the price of bitcoin, as it would signal a lack of regulatory support and clarity for the crypto industry. Some investors might lose faith in bitcoin and sell their holdings, creating a downward pressure on the price.

If the SEC delays the decision on the spot bitcoin ETF applications, this could create uncertainty and volatility in the price of bitcoin, as it would prolong the anticipation and speculation among investors and traders. The price of bitcoin might fluctuate depending on the news and rumors about the SEC’s stance and actions.

#BTC #ETF #Bitcoin ETF