Bitcoin’s price has increased by 25% during the past month, causing quite a stir among crypto enthusiasts. The upcoming Bitcoin halving is anticipated to take place in 2024, marking roughly four years since the last halving in 2020.
Based on the CoinWarz Bitcoin halving countdown, the ongoing halving cycle has progressed to 90.54% completion and is projected to occur at 09:04:41 AM UTC on Friday, April 19, 2024. On social media, Blockstream CEO Adam Back expressed his belief that Bitcoin (BTC) is poised to reach $100,000 before its next halving, sparking a mix of enthusiasm and doubt within the cryptocurrency community.
In the meantime, many crypto investors choose to invest in Bitcoin ETF (BTCETF) and Bitcoin Minetrix (BTCMTX) because these two cryptos can be your key to unlocking handsome gains!
Bitcoin ETF Token Presale Progresses Driven By Hope for SEC’s Approval
In anticipation of crucial SEC decisions on multiple Bitcoin ETF applications in early 2024, the Bitcoin ETF (BTCETF) token emerges as a promising player, positioning itself as a valuable crypto worth investing in. In the fundraising phase, BTCETF has already secured a few million, and the investments just keep coming.
BTCETF’s strategic roadmap outlines key milestones, each representing a pivotal phase in the project’s development. The initial milestone, activated at a $100 million trading volume, triggers a 5% token supply burn and reduces the transaction tax from 5% to 4%. The second milestone hinges on the awaited SEC approval of the first Bitcoin ETF. Once approved, 5% of the total token supply will be burned, and the transaction tax will decrease from 4% to 3%.
The third milestone aligns with the ETF launch date, marking BTCETF’s impact. At this juncture, 5% of the total token supply will be burned, and the transaction tax will decrease from 3% to 2%. The fourth milestone, achieved when ETF assets reach $1 billion, signifies widespread adoption, prompting a 5% token supply burn and reducing the transaction tax from 2% to 1%.
The final milestone refers to Bitcoin hitting the value of $100,000. This accomplishment will trigger a 5% token supply burn and reduce the transaction tax from 1% to 0%. Each milestone’s 5% token supply burn aims to decrease circulation, potentially enhancing the token’s value for holders. All of these milestones can be achieved very quickly, especially with optimistic predictions regarding Bitcoin’s value, so getting your portion of BTCETF tokens now can pave the way toward a bright financial future!
Revolutionizing Mining: Bitcoin Minetrix Platform Unveils Innovative Stake-to-Mine Model
With the optimistic price predictions, the desire for Bitcoin mining consumes crypto enthusiasts worldwide. Traditional mining is very energy-demanding; it generates enormous noise and heat, making it impossible for investors to actually do it, not to mention the costly equipment necessary for this process, so cloud mining becomes a logical choice.
Bitcoin Minetrix is the platform that enables all investors to begin the mining process without unnecessary complications. At the heart of the Bitcoin Minetrix ecosystem is BTCMTX, a token operating within an Ethereum-powered smart contract. This token serves as the access key to the cloud mining process. Users acquire cloud mining credits by staking their tokens, converting them into hash power.
These mining credits are non-transferable, ensuring a secure and transparent process. Adhering to this protocol allows users to transfer the mined BTC directly to their wallets. This streamlines the Bitcoin mining process significantly, which means that investing in BTCMTX is an opportunity to see a mined Bitcoin in your wallet soon.
Bitcoin Minetrix has set a fundraising target exceeding $15 million via a fair presale, offering up to 77.5% of the total token supply. A portion of 22.5% is earmarked for community initiatives and staking rewards. This allocation is designed to prompt early staking of BTCMTX tokens within the community, contributing to token stability.
The ultimate objective is to secure the acquisition of a cloud mining plant or engage in the long-term rental of a cloud mining facility, so you still have a little time to join this interesting project and enjoy this simplified Bitcoin mining experience!
Can Bitcoin Hit $100k Before Halving Event?
Bitcoin undergoes halving approximately every four years, a process where the reward for Bitcoin mining is halved. This mechanism, embedded in Bitcoin’s mining algorithm, serves to combat inflation by preserving scarcity. The reduction in the rate of Bitcoin issuance theoretically implies that the price may rise, assuming demand remains constant.
Currently, Bitcoin maintains an inflation rate of less than 2%, a figure expected to decrease with subsequent halvings, according to David Weisberger, CEO of the trading platform CoinRoutes. A post on the social media X by Adam Back that Bitcoin’s value will reach $100k before the halving expresses enormous optimism that surely overflows to crypto enthusiasts across the globe who are eager to have some form of guidance.
On the other hand, Standard Chartered Bank reaffirms its April prediction that Bitcoin (BTC) will reach $100,000 by the end of 2024. Geoff Kendrick and the team anticipate swift approval of U.S.-based spot Bitcoin ETFs, expecting them to be approved sooner than initially thought. They foresee Q1-2024 approvals for numerous spot ETFs for both BTC and ETH, paving the way for increased institutional investment.
The team also highlights the significance of the upcoming Bitcoin ‘halving’ in late April 2024 as a potential catalyst for price upswings by limiting the cryptocurrency’s supply. Standard Chartered emphasizes that BTC’s dominance has risen from 45% to 50% of the overall digital assets market cap since April, supporting their positive outlook.
This emphasizes even more the importance of investing in Bitcoin ETF tokens as it is a way to profit from the upcoming approval by the SEC, and Bitcoin Minetrix serves as an ideal cloud mining platform that will enable investors to own Bitcoin and profit from its price increase!
Conclusion
As we enter a promising period for the crypto market fueled by optimistic price forecasts for Bitcoin from reputable analysts, investments in BTCETF and BTCMTX can undoubtedly serve as valuable assets, potentially unlocking substantial gains for investors. These presales are progressing quickly, so make the most of the remaining time!
Share
