Cryptocurrency

IOTA

Bitcoin

<div class="finbold">
 <p class="paragraph">The long-anticipated spot-Bitcoin ETF approval hasn’t brought the result investors hoped for, as Bitcoin (BTC) lost its footing and recently fell below the $40,000 threshold. Now, attention has shifted to the Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>, with Ethereum (ETH) potentially being the primary beneficiary of this event.</p>
 <p class="paragraph">Upon the completion of mining 210,000 blocks, which occurs approximately every four years, the block reward allocated to Bitcoin miners for transaction processing undergoes a <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>. This event is named <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> due to its impact on reducing the rate at which new BTCs are introduced into circulation by half.</p>
 <p class="paragraph">This event aims to decrease the circulation of new coins and thus increase the price of flagship crypto.</p>
 <h2 class="wp-block-heading" id="h-ethereum-to-outpace-bitcoin-according-to-cathie-wood">Ethereum to outpace Bitcoin, according to Cathie Wood</h2>
 <p class="paragraph">Cathie Wood, the Chief Executive Officer of ARK Invest, is recognized for her optimistic outlook on cryptocurrencies, with a notable emphasis on Bitcoin and Ethereum.</p>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/26/032e95f998e2a5551662969e2a0f3bcf.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="3-cryptocurrencies-under-0-10-to-buy-next-week">3 cryptocurrencies under $0.10 to buy next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/26/dfbc09e7e69f864a37b94e503d9f2938.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="chatgpt-makes-bold-price-prediction-for-bitcoin-in-2024">ChatGPT makes bold price prediction for Bitcoin in 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/26/ef7147f636d5bac68dbb372626b43a98.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="mt-gox-hacker-is-one-of-the-richest-people-in-the-world">Mt. Gox hacker is one of the richest people in the world</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/26/0eb9c22a5fde0c71d82a2c4e0291109e.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="iota-price-prediction-after-huge-24-hour-gain">IOTA price prediction after huge 24-hour gain</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/26/a81f24aee6afb100677bb02125dc0648.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="cryptocurrencies-set-to-reach-10-in-2024">Cryptocurrencies set to reach $10 in 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Wood’s attention is particularly compelling in the context of Ethereum. She acknowledges Ethereum’s growing significance in decentralized finance (DeFi) and non-fungible tokens (NFTs), recognizing its capacity to address the unmet demand for yield in financial markets. This perspective is accentuated by the current state of fixed-income markets, where the pursuit of yield has reached unprecedented levels, she said in an interview on December 8.</p>
 <p class="paragraph">Regarding long-term projections, ARK Invest’s “Big Ideas” presentations offer ambitious forecasts for Bitcoin and Ethereum. Their 2023 presentation outlined three scenarios for Bitcoin, spanning from a bear case of $258,000 to a bull case of $1.48 million by 2030. As for Ethereum, their 2022 forecast envisions a market cap that may surpass $20 trillion by 2032, potentially resulting in a valuation of each ETH at over $166,000.</p>
 <h2 class="wp-block-heading" id="h-financial-institutions-are-bullish-on-eth-as-well">Financial institutions are bullish on ETH as well</h2>
 <p class="paragraph">A report from VanEck, an investment management firm, presents a positive outlook for Ethereum’s future. The report delineates three potential scenarios for Ethereum’s market price by 2030: a bullish scenario, a bearish scenario, and a base scenario.</p>
 <p class="paragraph">In the event of a bullish outcome, Ethereum’s market price could surge to $51,006, marking a 31-fold increase from its current value. This optimistic scenario is underpinned by Ethereum’s perceived capacity to offer security as a service and its utilization as a store of value assets.</p>
 <h2 class="wp-block-heading" id="h-etf-approval-for-ethereum-as-a-possible-catalyst">ETF approval for Ethereum as a possible catalyst</h2>
 <p class="paragraph">The recent spot-Bitcoin ETFs endorsement by the United States Securities and Exchange Commission (SEC) marks a notable milestone in the cryptocurrency industry. This determination is considered a substantial stride towards the broader financial acknowledgment of cryptocurrencies. The SEC will decide on spot Ethereum ETF applications by May 23, 2024.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">The final deadline for the Spot #Ethereum ETF will be May 2024! pic.twitter.com/DOlhWLAOVB</p>— Crypto Rover (@rovercrc) January 12, 2024
   </blockquote>
  </div>
 </figure>
 <p class="paragraph">Numerous events could propel Ethereum’s price to new all-time highs and present investors with substantial returns on their investments, spanning from ETFs to Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>. Whether they will remains to be seen.</p>
 <p class="paragraph"></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-halving-predicted-to-double-gains-for-this-altcoin-tbt77856.html">https://thebittimes.com/bitcoin-btc-halving-predicted-to-double-gains-for-this-altcoin-tbt77856.html</a></p>

Bitcoin (BTC) halving predicted to double gains for this altcoin

Table of Contents

TheBitTimes

Other articles published on Jan 26, 2024

Bitcoin Miners Sell Ahead Of Halving, Quant Explains Why

Hong Kong Financial Watchdog Cautions Against Floki, TokenFi Staking Schemes

Analyst EGRAG CRYPTO Provides Key Assessment of Bitcoin’s Trajectory

Defying Regulations: The Resilience of Crypto Trading in China

Strategic Crypto Move: Amber Group Transfers $32.81 Million LDO to Coinbase

Tesla Held Onto its Bitcoin (BTC) Holdings in Q4 2023

Join our free newsletter for daily crypto updates!