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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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Home Bitcoin

Bitcoin: ‘Last 4 times’ suggest BTC’s price might hike 300% because…

April 2, 2024
in Bitcoin
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Bitcoin: ‘Last 4 times’ suggest BTC’s price might hike 300% because…
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Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Bitcoin has achieved its highest weekly, monthly, and quarterly close.
  • The upcoming halving is anticipated to reduce daily supply from 900 to 450. 

2024 has been a phenomenal year for Bitcoin [BTC], from the introduction of ETFs to the upcoming halving.

In a recent conversation on CNBC’s “Squawk Box,” Anthony Pompliano, investor and host of “Pomp Podcast,” highlighted the king coin’s role in the financial landscape. 

He noted, 

“We just hit a really important milestone before the halving. We just had the highest weekly monthly and quarterly close for Bitcoin.” 

This highlighted Bitcoin’s price volatility, which always attracts a wave of speculators seeking to capitalize on market momentum. 

Bitcoin and its various viewpoints

Shedding light on Bitcoin’s complex nature and its buying potential, Pompliano noted that the true impact of this milestone will only become evident in hindsight.

He elaborated, 

“I think for some people it is a risk on asset and for other people, it is a hedge against inflation or a store value.” 

With worries about currency devaluation and increasing inflation, many see Bitcoin as a protection against losing wealth.

This idea became popular after influential investors and hedge fund managers praised BTC as “digital gold,” a way to guard against the decline of traditional currencies.

Drawing parallels to the historical pattern of Bitcoin’s price movement, Pompliano added, 

“The last four times that that’s happened Bitcoin has appreciated at least 300% through the rest of the bull market.”

This underscored the unprecedented nature of the milestone before the halving, hinting at potential bullish implications.

See also  Looking to buy Bitcoin? 'Perfect time,' says Arthur Hayes - But why?

The upcoming Bitcoin halving 

As the Bitcoin halving approaches, Pompliano noted that the daily supply of the king coin will be cut from 900 to 450, signaling a significant shift in the cryptocurrency’s supply dynamics. 

With the anticipation of heightened demand following ETF approvals and a halved daily supply of Bitcoin, the future looks promising.

Previous: BSX: The first CLOB Perp exchange to launch on Base layer-2 blockchain
Next: Bitcoin’s price drops to $66K: Blame the halving or something else?
Tags: because..BitcoinBTCshikePricesuggest..Times

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