Bitcoin

Ordinal BTC

The potential for a bullish trend in Bitcoin is gaining traction, thanks to a mix of macroeconomic conditions and the upcoming Bitcoin halving event. Analysts foresee a positive outlook, and here&#39;s why their perspectives seem reasonable.Firstly, let&#39;s look at the bigger economic picture. Governments worldwide are taking unprecedented steps to stabilize their economies in the face of the ongoing pandemic. However, these measures are raising concerns about inflation and the devaluation of traditional currencies. This uncertainty is prompting investors to explore alternative assets that can safeguard against inflation and retain value.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b4b708e063d34d04912b6251599a897b.png" />Image Source: DALL-EBitcoin has for over a decade gained recognition as a potential hedge against inflation. Its limited supply of 21 million coins and the scarcity enforced by its protocol make it an attractive option for those looking to shield their investments from central bank interventions.Adding to this, we have the Bitcoin halving event on the horizon. Happening roughly every four years, this event reduces the rate at which new Bitcoins are minted by half. Historical data indicates that these halving events have triggered significant price increases. The reduction in supply tends to create a supply-demand imbalance, potentially driving up prices.Analysts are optimistic because, historically, Bitcoin has experienced substantial bull runs following previous halving events. The pattern suggests that a reduced supply, coupled with increased demand, could push the cryptocurrency&#39;s value to new highs.Another factor contributing to this positive sentiment is the growing interest from institutional investors. Major companies and financial institutions are increasingly allocating parts of their portfolios to Bitcoin.This institutional validation not only boosts confidence in Bitcoin&#39;s long-term prospects but also signals wider acceptance within traditional financial circles.The combination of economic uncertainties, the impending Bitcoin halving, and rising institutional interest have set the stage for a potential bull run in the cryptocurrency market. However, it&#39;s crucial to remember that the cryptocurrency market is volatile and speculative. While analysts make compelling arguments, it&#39;s wise for investors to conduct thorough research, assess their risk tolerance, and consider a diversified portfolio strategy before making any investment decisions.Catch up on our published articles for the week!ARTICLES●  Why Bitcoin Ordinals is A Paradigm Shift in the NFT Landscape &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/why-bitcoin-ordinals-is-a-paradigm-shift-in-the-nft-landscape/" rel="noopener noreferrer nofollow"> Learn more.</a>●  Beyond the Hype: How Bitcoin Sparked a Blockchain Job Boom &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/beyond-the-hype-how-bitcoin-sparked-a-blockchain-job-boom/" rel="noopener noreferrer nofollow"> Learn more.</a>●  Crypto Scams Are Never Going Away. Here is Why &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/crypto-scams-are-never-going-away-here-is-why/" rel="noopener noreferrer nofollow"> Learn more.</a>●  Crypto vs CBDCs: Challenging the BIS Perspective on the Future of Mone<a href="https://defi-planet.com/2023/12/crypto-vs-cbdcs-challenging-the-bis-perspective-on-the-future-of-money/" rel="noopener noreferrer nofollow">y</a> &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/crypto-vs-cbdcs-challenging-the-bis-perspective-on-the-future-of-money/" rel="noopener noreferrer nofollow"> Learn more.</a>●  Dynamic NFT (dNFT) – What is it, and How Does it Work? &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/dynamic-nft-dnft-what-is-it-and-how-does-it-work/" rel="noopener noreferrer nofollow"> Learn more.</a>MARKETS●  Binance Post-U.S. CFTC Settlement Deal; What is the Fate of BNB &gt;&gt;&gt;<a href="https://defi-planet.com/2023/12/binance-post-u-s-cftc-settlement-deal-what-is-the-fate-of-bnb/" rel="noopener noreferrer nofollow"> Learn more.</a>Spotlight on interesting projectsTezoro<a href="https://tezoro.io/" rel="noopener noreferrer nofollow">Tezoro</a> is a non-custodial service that allows you to reduce the risk of losing your crypto by ~100 times by creating a backup: a smart contract that can withdraw crypto from your wallet and transfer it to a backup address even if you&#39;ve already lost access to your wallet or died.Tezoro is a non-custodial service. It helps you to prepare your backup, and you confirm it via your MetaMask and deploy it directly to the blockchain.Nobody, including Tezoro, can change the amount or replace the backup address. The only thing you allow it to do is initiate the transfer at the moment you need it.For more information, visit <a href="https://tezoro.io/" rel="noopener noreferrer nofollow">https://tezoro.io/</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/6b8df3850aab47269639fa17043e22f9.jpeg" />If you want more content like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, <a href="https://medium.com/&#64;defi-planet" rel="noopener noreferrer nofollow">Medium</a>. and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.

Weekly Round-Up #79 | Bitcoin Halving and Macro Factors: Is a Bullish Trend Ahead? 💸🌎

DeFi Planet

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