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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/notable-figure-praises-bitcoin-community/" data-wpel-link="internal">Notable Figure Praises Bitcoin Community</a><br></p>
<p style="text-align: justify">During the week, the rapid rise in <strong><a href="https://coin-turk.com/sicak-gelisme-dev-bitcoin-borsasi-upbitte-bitcoin-btc-sikintisi-neler-oluyor" data-wpel-link="internal">Bitcoin</a></strong> and cryptocurrencies continued. The price of <a href="https://en.coin-turk.com/anticipation-for-the-first-spot-bitcoin-etf-approval-in-the-usa/" data-wpel-link="internal">Bitcoin</a> reached up to $64,000. <a href="https://coin-turk.com/unlu-sunucu-bitcoin-etfsi-icin-dunya-devi-jp-morgani-isaret-etti-ve-ekledi-sece-basvururlarsa-sasirmam" data-wpel-link="internal">BTC</a> has been moving sideways for three days. Today, as <a href="https://en.coin-turk.com/expert-warning-protect-your-bitcoin-amidst-impending-insolvency-of-crypto-custody-firm/" data-wpel-link="internal">BTC</a> stabilizes, we are witnessing particularly meme coins in altcoins experiencing exciting increases. These developments caught the attention of Nate Geraci, co-founder of The ETF Institute. Geraci is full of praise for the Bitcoin and cryptocurrency community.</p> 
<h2 style="text-align: justify" id="famous-personality-commends-bitcoin-community">Famous Personality Commends Bitcoin Community</h2> 
<p style="text-align: justify">Today, Nate Geraci, co-founder of The ETF Institute, shared a post on social media platform X, using praiseworthy language towards the Bitcoin community. Geraci emphasizes that he is surprised by the passion and financial literacy of the cryptocurrency community.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-322176 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-bitcoin-coin-turk-com-.png" alt="" width="614" height="241"></p> 
<p style="text-align: justify">Geraci notes that mainstream media underestimates this interest. He expresses how knowledgeable Bitcoin advocates are compared to skeptics with the following words:</p> 
<blockquote> 
 <p style="text-align: justify">“If I had to choose 10 stubborn Bitcoin advocates and 10 Bitcoin skeptics, I would bet that the advocates would run circles around the skeptics in terms of understanding monetary policy and other issues.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="current-state-of-bitcoin-price">Current State of Bitcoin Price</h2> 
<p style="text-align: justify">At the beginning of the article, we emphasized that the price of Bitcoin has stabilized. While writing this article, BTC is very close to the $62,000 level. BTC is currently trading at $61,980.</p> 
<p style="text-align: justify">Looking at Bitcoin dominance, we see a decline over the last three days. Accordingly, BTC dominance has dropped from around 55% to 53.76%. This movement indicates a shift towards altcoin projects.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-322177 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-dominans-coin-turk-com-.png" alt="" width="1815" height="836"></p> 
<p style="text-align: justify">Especially during such declines, the general sentiment in the market suggests the start of an altcoin season. Particularly if Bitcoin dominance falls below the 50% level, this could mean very rapid movements for altcoins. In such a case, it is possible to say that some altcoins could see an increase of over 100% in their price levels.</p> 
<p style="text-align: justify">While Geraci draws attention to the Bitcoin community, it is necessary to mention that the community’s enthusiasm is linked to the recent rises. Especially the spot <strong>Bitcoin ETFs</strong> have been a significant factor in creating this excitement. As institutional investors flocked to the space, they have already gathered around 4% of the Bitcoin supply.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/notable-figure-praises-bitcoin-community/" data-wpel-link="internal">Notable Figure Praises Bitcoin Community</a></h5>

Notable Figure Praises Bitcoin Community

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