Bitcoin

<ul><li>Altcoin Daily forecasts a Bitcoin surge to $200,000 post-halving, fueled by ETF demand and historical trends.</li><li>Bitcoin&#39;s rise is buoyed by global adoption and the impact of financial institutions&#39; growing acceptance.</li><li>Recent Bitcoin ETF approvals and government fiat printing are significant catalysts for Bitcoin&#39;s value increase.</li></ul>In a <a href="https://www.youtube.com/watch?v&#61;1P0XWy3GAGM" rel="noopener noreferrer nofollow">YouTube video</a> analysis by Altcoin Daily, the spotlight shines on Bitcoin&#39;s promising trajectory. They predicted Bitcoin’s potential surge to $200,000 within 18 months after the next halving event. This speculation hinges on Bitcoin&#39;s historical performance, which often sees significant gains post-halving. Hence, if Bitcoin stands at $50,000 at the next halving, the supply squeeze and heightened demand could propel its value fourfold.Moreover, introducing<a href="https://cryptotale.org/how-to-purchase-spot-bitcoin-etfs-its-pros-and-cons/" rel="noopener noreferrer nofollow"> Bitcoin ETFs</a> plays a pivotal role in this anticipated rise. These ETFs purchase Bitcoin at a rate that exceeds daily production, creating a supply pinch. Consequently, short sellers betting against Bitcoin are finding themselves in a bind. This dynamic adds fuel to Bitcoin&#39;s bullish trend.Additionally, the video underscores the notion that it&#39;s not too late to venture into cryptocurrency. Despite past increases, considerable upside potential remains. This view is not unfounded, as Bitcoin sets new <a href="https://cryptotale.org/?s&#61;all-time&#43;highs" rel="noopener noreferrer nofollow">all-time highs</a> against numerous national currencies. It&#39;s a testament to its growing adoption and resilience against fiat currency devaluation.<a href="https://cryptotale.org/can-bitcoin-etfs-propel-btc-to-unprecedented-heights-expert-weighs-in/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Can Bitcoin ETFs Propel BTC to Unprecedented Heights? Expert Weighs In

CryptoTale

Other articles published on Feb 28, 2024

New Development in Ripple-SEC Case: XRP Price Reacted Positively!

Bitcoin's Dominance Rises As Fear & Greed Index Hits Extreme Greed

95% Bitcoin holders are in profit, but you should wait before selling

Shiba Inu Coin Sees Unprecedented 192.84% Volume Surge

Investors Question Whether SUI And Avalanche Can Withstand Bearish Forces, Move For Potential 150...

Numeraire (NMR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Join our free newsletter for daily crypto updates!