Bitcoin

3 reasons to buy Bitcoin like there’s no tomorrow

Published

8 months ago

26 May, 2024

3 reasons to buy Bitcoin like there's no tomorrow

Bitcoin is just getting started and has many more advantages to offer investors.

As attractive as cryptocurrencies may be, they are risky. While the blockchain technology that powers these assets is innovative and has the potential to transform finance as we know it, its role in the future remains ambiguous and almost unclear.

However, there is one cryptocurrency with a proven track record that provides investors with the safest exposure to the best the cryptocurrency market has to offer. Here’s why I’m buying Bitcoin (Bitcoin -0.44%) as if there was no tomorrow.

Image source: Getty Images.

1. The Halving Effect

On April 19, Bitcoin passed its fourth reduce by half. Occurring approximately every four years, halvings form the basis of Bitcoin’s robust monetary policy, which prioritizes preserving scarcity value by halving its inflation. With the fourth halving now behind us, Bitcoin’s inflation rate now stands at just 0.85%. This makes it less inflationary than what many believe to be the superior store of value and hedge against inflation, gold.

In the long term, it is easy to see how continued reductions in the inflation rate will benefit Bitcoin price growth. If demand for the cryptocurrency continues to increase, the decreasing inflation rate will put more pressure on its finite supply of 21 million coins. Add it all up and you have the perfect recipe for price appreciation.

Even in the short term, the halving effect makes Bitcoin a viable investment today. In the years in which the halving occurs, Bitcoin grows on average by 125%. When measured from the start of the year, this would put its price at just over $100,000, meaning there is still generous potential for returns today, even with its price at around $65,000. However, the best that Bitcoin has to offer usually materializes in the year following the halving. Historically, during these years, Bitcoin has increased by more than 400%.

2. Greater institutional interest and clearer role in the financial scenario

For most of Bitcoin’s existence, its rise to the top was driven by retail investors. But now things are about to change. With the approval of spot Bitcoin ETFs, institutional investors with vast capital reserves can easily invest in cryptocurrency. Now that Wall Street’s biggest names have arrived, it will likely put exceptionally more pressure on Bitcoin’s finite supply, something it likely hasn’t seen since its early days.

On a semi-related note, the fact that Bitcoin has been approved for a spot ETF is an indicator of the market’s current perception of it and its role in the financial landscape. For example, let’s consider that Ethereum (CRYPTO:ETH), the second most valuable cryptocurrency, is in the midst of an intense ETF approval debate as regulators try to determine whether it is a security or a commodity. If this conversation is about Ethereum, you can guarantee that all other cryptocurrencies will be questioned in a similar way.

Now, I will be the first to admit that just because the Securities and Exchange Commission (SEC) Thinking that a cryptocurrency is a security does not mean that it is the end of a certain blockchain. Most of these assets are quite decentralized and would continue to operate even if the SEC initiated litigation. Remember that cryptocurrencies are traded internationally and are not subject to the laws of any specific country.

However, markets don’t like the idea of legislative risks. This is why Bitcoin is such a safe investment today. The SEC has already deemed it a commodity and beyond its purview of control. This gives it unique staying power and an additional layer of assurance that it will not be harmed by regulatory scrutiny.

3. In your own class

In the same vein, Bitcoin has generated significant institutional interest and has such a clear designation in the financial landscape due to its key characteristics, which make it unique compared to virtually all other cryptocurrencies.

When you invest in Bitcoin, you are investing in the most decentralized, secure and proven cryptocurrency on the market. There is no single group overseeing its operations. We don’t even know who created it. All we know is that its creator used the pseudonym Satoshi Nakamoto and has since disappeared.

No other cryptocurrency can claim this. Almost all other cryptocurrencies have a known creator and a team of developers who maintain their functionality, which makes them much more likely to fall within the scope of the SEC.

On the other hand, Bitcoin has operated more or less in its original form for the last 15 years, devoid of any central figure or authority. In other words, even if the SEC wanted to take action against Bitcoin, it couldn’t. Who would sue? The creator of Bitcoin is unknown and it runs on the most decentralized network, with thousands of nodes around the world.

Final thoughts

Adding it all up, I dare say that there is never a bad time to invest in Bitcoin. Are there moments better than others? Clear. Investing in the depths of crypto winter should provide better returns than investing at the top. However, the data shows that as long as investors held on long enough, even if they bought at the top, they would still see generous returns over the long term.

As fiat currencies continue to be inflated, institutional interest continues to grow and halvings continue to pass, Bitcoin is poised to continue to exceed expectations and show why it is different from any other asset. Michael Saylor, notable Bitcoin investor and CEO of Microstrategy (which holds about 1% of the total Bitcoin supply), could have said it better: “I will be buying at the top forever.”

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Bitcoin

What to watch for in the markets

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Photo: Andrew Harnik (Getty Images)

After witnessing one of the largest global IT outages on record, affecting the travel, finance and healthcare sectors worldwideThis week is set to see more political drama, events, and earnings reports from tech giants.

Donald Trump’s ‘Lovefest’ Sets Jamie Dimon Up for Consideration for Treasury Secretary Job

Let’s take a look at what awaits us:

Major companies will release their earnings reports

Major tech companies and others will release their earnings reports this week, paving the way for what the second half of 2024 will look like.

Monday

Verizon will report earnings before the start of operations.

Tuesday

Coca-Cola, Comcast and UPS are all set to report earnings before the market opens.
Tesla will report earnings in the morning, while General Motors will report earnings in the evening.
Alphabet and Visa will report results after the market closes.

Wednesday

AT&T will release its report before the market opens.
Ford and Chipotle will report earnings after the market closes.

Thursday

Earnings reports from AstraZeneca, American Airlines and Southwest Airlines will be released before the market opens.

Trump to speak at Bitcoin conference

Presumptive Republican presidential nominee Donald Trump will speak at the next Bitcoin Conference in Nashville, Tennesseewhich is scheduled for July 25-27. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether the crypto-friendly Trump will receive support from the crypto community in the upcoming election.

In addition to Trump, independent presidential candidate Robert F. Kennedy Jr. will also discuss crypto during the conference. Crypto advocates such as ARK Investment’s Cathie Wood, MicroStrategy’s Michael Saylor, and whistleblower Edward Snowden are among some prominent names who will be participating in the conference.

Ether ETFs are on the way

New Ether Spot ETFs are set to begin trading on Tuesday, July 23. Much like the spot Bitcoin ETFs, these ETFs will allow investors to buy the second most popular cryptocurrency like stocks. BlackRock, Ark Invest/21Shares, VanEck, Grayscale, Fidelity, Bitwise, Franklin Templeton, and Invesco/Galaxy Digital are all set to offer Ether ETFs. Crypto asset manager Bitwise predict that trading in the Ether ETF will drive the price of Ether higher, potentially surpassing $5,000.

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Bitcoin

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Cryptocurrency’s Biggest Winners and Losers in a Second Trump Presidency

Bitcoin miners and cryptocurrency companies that have been blocked from going public in the U.S. could ultimately be the biggest winners in the digital asset world under a second Donald Trump presidency. Foreign companies at risk of losing market share could end up being the biggest losers.

That’s the view that’s taking hold among market participants and observers in the wake of the former president’s growing embrace of cryptocurrency as his chances of election grow. survey released Thursday by CBS News showed Trump with the majority — 52 percent — of likely voters in his likely November rematch with President Joe Biden.

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Bitcoin

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Bitcoin, Ethereum, Solana and Cryptocurrency Markets Look Ready to ‘Send’ as Stars Align, According to Investor Chris Burniske

Cryptocurrency investor Chris Burniske says Bitcoin (BTC), Ethereum (ETH), Solana (SUN) and the cryptocurrency market in general seem poised for a run.

Former Head of Cryptocurrency at ARK Invest account his 292,200 followers on social media platform X that several catalysts are aligning, suggesting that digital asset markets are on the verge of a bull run.

According to Burniske, a partner at venture capital firm Placeholder, the highly anticipated launch of Ethereum-based exchange-traded funds (ETFs), Republican presidential candidate Donald Trump speaking at an upcoming Bitcoin event, and the current state of the BTC, ETH, and SOL charts all suggest significant optimism for the cryptocurrency markets.

“With ETH ETFs set to go live, Trump speaking at The Bitcoin Conference, and BTC, ETH, and SOL charts looking [they do] (while stocks are weak), it’s hard to imagine a world where we don’t ship next week.”

Reuters recently reported that preliminary approval for ETH ETFs has been granted as the Bitcoin Conference is scheduled to take place from July 25-27.

BTC, ETH, and SOL are trading at $67,333, $3,528, and $174 at the time of writing, respectively.

The venture capitalist too provides an update on his prediction that the total crypto market cap will eventually hit $10 trillion. According to his chart, the path to $10 trillion is currently “23%” complete, as it sits around $2.2 trillion.

Source: Chris BurniskeX

Earlier this month, Burniske he said in an interview with Real Vision CEO Raoul Paul that he has his eye on the Move ecosystem, which was originally built by social media giant Meta and then used to develop layer 1 blockchains Sui (IUE) and Apts (APT).

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Bitcoin

Here’s the next target for BTC before bulls can hold out for $70K

Published

6 months ago

21 July, 2024

SatoshiTimes Staff

Here’s the next target for BTC before bulls can hold out for $70K

Bitcoin’s recovery is going well, and the market is seemingly poised to create a new all-time high in the near term.

Technical analysis

Per NegotiationRage

The daily chart

As the daily chart shows, the price of Bitcoin has been rising since it broke above the 200-day moving average.

The market has also reclaimed the $60K and $65K levels and is moving towards the $68K resistance zone, which could be the last hurdle before creating a new all-time high. With the RSI also indicating that the price has clear bullish momentum, it could be just a matter of time.

Source: TradingView

The 4-hour chart

Looking at the 4-hour chart, it is evident that the price has been rising rapidly since breaking the downtrend line to the upside. The market also broke the $65K resistance level with momentum, turning it into a support.

While almost everything points to a new record high in the coming weeks, there is one worrying sign. The RSI is showing a clear bearish divergence between recent price highs, which could indicate a correction or even a reversal in the near term.

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