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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

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

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

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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  • NFT
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    Courtyard Tops Sales, Doodles Leads in Growth

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  • Blockchain
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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

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    Key Innovations, Challenges, and What Comes Next

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    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

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    What Is Blockchain? Blockchain Technology Explained for Beginners

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

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

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

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

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    Courtyard Tops Sales, Doodles Leads in Growth

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    Alchemy acquires NFT launchpad HeyMint to accelerate smart wallet development

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    BeraTone NFT Avatars Are Now Minting Live on OpenSea

    Hashrate Hackers Introduces Ordinals NFT Collections Backed by Bitcoin Hashrate

    Hashrate Hackers Introduces Ordinals NFT Collections Backed by Bitcoin Hashrate

  • Gaming
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    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    Blockchain And Crypto Are Future of Online Gambling

    Blockchain And Crypto Are Future of Online Gambling

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

    DeepLink Partners with AscendEX to Power Web3 Gaming in Global Markets

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    Why GamStop Players Try Competitive Gaming

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

    Ethereum Games ‘Realms of Alurya’ and ‘Wonder Wars’ Latest to Go Offline

    Real-World Asset NFTs Emerge as the Next Big Crypto Trend in May 2025

    Real-World Asset NFTs Emerge as the Next Big Crypto Trend in May 2025

    Infiblue World Teams Up with BitSolara to Build Gamified Web3 Experience

    Infiblue World Teams Up with BitSolara to Build Gamified Web3 Experience

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • Guides
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    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

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    What Is Blockchain? Blockchain Technology Explained for Beginners

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  • Analysis
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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home Altcoins

Bitcoin over $100K in 18 months? Here’s why this exec thinks so…

February 20, 2024
in Altcoins
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Posted: February 20, 2024


  • Upcoming Bitcoin halving is expected to trigger a supply shock, potentially driving the price towards new highs
  • Introduction of spot Bitcoin ETFs has brought new changes, with Wall Street investors entering the crypto-market

As Bitcoin (BTC) approaches its next halving event in April 2024, the cryptocurrency market is on the brink of a significant supply shock. One that could have profound implications for its value and adoption. This reduction in supply, against a backdrop of increasing demand, particularly from institutional investors, might trigger a shortage.

A supply shock wave awaits Bitcoin post-halving

In a recent interview with Fox Business Exclusive, Anthony Pompliano, founder and investor at Pomp Investments, shed some light on the inevitable “supply shock wave” that awaits Bitcoin’s future post-halving. According to the exec, this supply shock could lead to a dramatic increase in Bitcoin prices by the end of this year, following the halving. 

He also mentioned,

“We are currently at $52,000. If this continues, there is a chance that we could be near the all-time high ($69,000) when the halving occurs, and that will be an unprecedented event.”

Crossing $50K – Bitcoin ETFs driving up prices

The rationale behind this prediction lies in the fundamental supply and demand dynamics. As miners will be incentivized to sell less BTC due to increased profitability per mined Bitcoin, the reduction in net BTC supply is expected to push prices higher. 

Significantly, the approval of spot Bitcoin ETFs by the SEC has already changed the supply dynamics of Bitcoin, contributing to this bullish sentiment. There has been a rapid accumulation of Bitcoin by top ETF providers, such as BlackRock, which have reportedly bought over $4.3 billion worth of BTC in a very short period.

See also  Bitcoin & Ethereum - Traders, should you play this waiting game?

Additionally, Pompliano hinted at some “new types of investors” who might enter the crypto-market. On being questioned about this, he commented,

“Bitcoin is now the favorite asset of any Wall Street investor. Through Bitcoin ETFs, they can now allocate capital to one of the best-performing assets in the last 15 years.”

A $100K future? Analyst remains confident

However, while the potential for significant price increases exists, the cryptocurrency market’s maturity and increased regulatory and institutional participation might lead to a more tempered price response compared to previous halving events. This has not dampened Pompliano’s confidence in Bitcoin though. When asked how high the prices might go, Pompliano stated,

“Historically, Bitcoin’s prices have gone up by 100’s of percent. I wouldn’t be shocked if Bitcoin went over $100,000 in the next 18 months.”

Higher adoption, higher prices

2024’s BTC halving event represents a critical juncture for the cryptocurrency market. With Bitcoin ETFs dominating the market, analysts feel confident about the SEC favoring ETH and other crypto ETFs in the future. In fact, Pompliano believes that these ETFs will improve the scope of mainstream crypto-adoption.

There is a lingering hope that the cryptocurrency community will proliferate and become more mainstream, ultimately leading to price hikes.

Next: BITFLEX launches a trading tournament: “Conquer the flames: Trade your way to $888,888”

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?

Posted: February 20, 2024


  • Upcoming Bitcoin halving is expected to trigger a supply shock, potentially driving the price towards new highs
  • Introduction of spot Bitcoin ETFs has brought new changes, with Wall Street investors entering the crypto-market
See also  PEPE flips ARB: A Fluke or start of a new trend?

As Bitcoin (BTC) approaches its next halving event in April 2024, the cryptocurrency market is on the brink of a significant supply shock. One that could have profound implications for its value and adoption. This reduction in supply, against a backdrop of increasing demand, particularly from institutional investors, might trigger a shortage.

A supply shock wave awaits Bitcoin post-halving

In a recent interview with Fox Business Exclusive, Anthony Pompliano, founder and investor at Pomp Investments, shed some light on the inevitable “supply shock wave” that awaits Bitcoin’s future post-halving. According to the exec, this supply shock could lead to a dramatic increase in Bitcoin prices by the end of this year, following the halving. 

He also mentioned,

“We are currently at $52,000. If this continues, there is a chance that we could be near the all-time high ($69,000) when the halving occurs, and that will be an unprecedented event.”

Crossing $50K – Bitcoin ETFs driving up prices

The rationale behind this prediction lies in the fundamental supply and demand dynamics. As miners will be incentivized to sell less BTC due to increased profitability per mined Bitcoin, the reduction in net BTC supply is expected to push prices higher. 

Significantly, the approval of spot Bitcoin ETFs by the SEC has already changed the supply dynamics of Bitcoin, contributing to this bullish sentiment. There has been a rapid accumulation of Bitcoin by top ETF providers, such as BlackRock, which have reportedly bought over $4.3 billion worth of BTC in a very short period.

Additionally, Pompliano hinted at some “new types of investors” who might enter the crypto-market. On being questioned about this, he commented,

“Bitcoin is now the favorite asset of any Wall Street investor. Through Bitcoin ETFs, they can now allocate capital to one of the best-performing assets in the last 15 years.”

A $100K future? Analyst remains confident

However, while the potential for significant price increases exists, the cryptocurrency market’s maturity and increased regulatory and institutional participation might lead to a more tempered price response compared to previous halving events. This has not dampened Pompliano’s confidence in Bitcoin though. When asked how high the prices might go, Pompliano stated,

“Historically, Bitcoin’s prices have gone up by 100’s of percent. I wouldn’t be shocked if Bitcoin went over $100,000 in the next 18 months.”

Higher adoption, higher prices

2024’s BTC halving event represents a critical juncture for the cryptocurrency market. With Bitcoin ETFs dominating the market, analysts feel confident about the SEC favoring ETH and other crypto ETFs in the future. In fact, Pompliano believes that these ETFs will improve the scope of mainstream crypto-adoption.

See also  Bitcoin Is Digital Oil Well Fueling Rural Texas Economic Revival, Mayor Says

There is a lingering hope that the cryptocurrency community will proliferate and become more mainstream, ultimately leading to price hikes.

Next: BITFLEX launches a trading tournament: “Conquer the flames: Trade your way to $888,888”
Tags: 100KBitcoinexecHeresmonthsso..Thinks

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