Markets have been recovered more than 70% after the dump that happened yesterday due to Matrixport's Prediction about Bitcoin ETFs. Congrats to those who bought the dips. While those who panic sold must be having regret now. I feel sorry for them, You guys must learn how to stay safe during such times.
Well ,Bitcoin is trading above $44k now while $HIVE is trading at $0.354 . According to my observation we are in bull market right now and dips are a generous blessing during the way. If you get any chance to buy a dip then make sure you try to benefit as much as possible.
True believers actually dont care about the rumors. For example look into Microstrategy. The company has bought $650 millions more in Bitcoin as they know that bitcoin is the future of finance. Microstrategy do not care about anything all they do is keep adding more bitcoin to their holdings.
It is also circulating on social platforms that Microstrategy is selling some Stocks also to get the more funds into the bitcoin. This is something which indicates that how much the company believes into the future of Bitcoin and crypto currency as a whole.
Microstrategy definitely deserves respect for simply believing into bitcoin. I respect that as well.
Spot Bitcoin ETFs applicants will get response by US SEC by January 10. Majority of the analysts believe that Bitcoin ETFs will be approved. Hence they are bullish about it. ETF approvals will send markets to new heights. Lets be positive and hope for the best.
On the other hand Bitcoin halving is just 100 days away from now. This is another bullish thing for the whole crypto market. If you dont know , let me tell you than Halving is when Block rewards gets reduced and it becomes difficult to get Btc.
Halving will take place in the month of april. Bitcoin halving happens every 4 years. The first block reward was 50 Bitcoin while the current reward is 6.25 bitcoin. As this will cut half so it will reduce to 3.125 Bitcoin. Halving will effect Bitcoin price in the positive manner as we know that it is an act which favours Bitcoin price and makes it more rare and Valuable.
Upcoming Halving and ETF approvals are two most awaiting events right now. The hype is getting crazy as the deadline for the ETFs approvals and halving date is getting closer.
People who know what that means they have already taken their positions. If you dont know then Let me remind you that the companies awaiting Spot bitcoin ETFs approval are the ones managing trillions of Dollars which means that a huge fund will flow into bitcoin. Billions of Dollars will be flowing into the crypto market which is bullish.
I do believe bitcoin from the beginning but the current ETF hype cannot be ignored as it would be game changing for the crypto industry.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
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