In the realm of cryptocurrencies, revolutionary trends are emerging that could pave the way for unprecedented wealth. The recent introduction of a Bitcoin exchange-traded fund (ETF) signifies a turning point, potentially making crypto accessible to a broader audience. Free from the complexities of cryptocurrency exchanges and digital wallets, acquiring Bitcoin becomes as straightforward as investing in any other ETF, marking a significant shift for the cryptocurrency giant.
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Bitcoin has officially entered the mainstream.
2024 heralds the mainstream embrace of Bitcoin with the launch of the first spot Bitcoin ETF for the U.S. market. As per a 2022 Motley Fool survey, over half of Gen Z and millennial investors already incorporate cryptocurrencies into their portfolios. This imminent milestone could propel Bitcoin into the financial mainstream, triggering a substantial impact on its long-term trajectory.
The commencement of the upcoming significant cryptocurrency cycle
The second trend stems from the Bitcoin halving event scheduled for April 2024. Occurring once every four years, the halving event reduces Bitcoin miner rewards, slowing the growth rate of Bitcoin supply. Morgan Stanley emphasizes the importance of seizing investment opportunities at the onset of this cycle, comparing it to planting seedlings for future growth. While Bitcoin is the natural beneficiary, historically influencing the entire market, other cryptocurrencies may surpass it during this cycle.
The rise of new digital assets in the crypto market
Another transformative trend involves the rise of new digital assets within the crypto market. Bitcoin Ordinals, a notable newcomer, captivated investors’ attention in 2023. Emerging as a unique type of non-fungible token (NFT) designed for the Bitcoin blockchain. Beyond Ordinals, the broader trend of asset tokenization looms large, converting real-world assets into blockchain-based digital assets. This trend, estimated to potentially reach a $10 trillion market opportunity, expands the scope from traditional assets to unconventional holdings like art or wine collections.
Long-term mindset
Navigating these trends requires a long-term mindset. While the sustainability of trends may vary, understanding their potential impact over the years is crucial. Reflecting on the resilience of Bitcoin since its 2009 inception. The goal is not to time the market but to align with enduring macro trends. Embracing this strategy could propel investors toward the coveted millionaire status on the crypto frontier.
Want to learn more about bitcoin mining or start mining yourself?
“This data underscores considerably stronger profitability in the mining sector compared to challenges experienced in 2022 and part of 2023.”
In approximately six months, Bitcoin undergo a “halving,” reducing the new bitcoins awarded to miners by half. Satoshi Nakamoto introduced this event in 2009 as an anti-inflationary measure. Occurring roughly every four years, the lead-up to halvings traditionally proves the most profitable time for crypto investors. “Buying bitcoin six months before a halving and selling 18 months after has historically outperformed a ‘buy and hold’ strategy,” affirms the analyst.
Bitcoin mining explained.
Bitcoin Mining is the industry where the largest institutional party BlackRock is betting big and has recently become majority shareholder in four of the five largest mining companies.
You buy one or more Bitcoin mining machines and within 6-8 weeks it is mining for you with a current rate of 5.2 cents including hosting, security and maintenance. What does a miner cost? How can these power rates be so low? Want to know more?
Attend the free Q&A about mining:
With Mitchell Weijerman (CEO of Epic Mining) on wednesday the 17 of januari at 7PM for free. Where Mitchell answer all your questions live.
Also you can calculate profit in this spreadsheet. By simply selecting the number of machines you get a calculation on how profitable you are.
Full article about mining in depth you can find here. Bitcoin mining – Buy Low Mine High.
The simple way how smart investors can profit from a broken banking system. How crypto miners made 16.7 billion USD in 1 year and how we can get a piece of it. How anyone can make money with crypto mining within 4-8 weeks, regardless of your knowledge or experience.
