Accéder au contenu principal

Is It Time to Buy BTC Before the Next Bitcoin Bull Run?

TL;DR

  • CryptoQuant’s study suggests Bitcoin’s bull market peak hasn’t arrived, indicating an opportunity for investors.
  • BTC price is influenced by factors like institutional investments and regulation, with events like Ripple’s US SEC lawsuit and BlackRock’s BTC ETF filing being pivotal.

Investors Still Have Time

A recent research conducted by the crypto market data analytics platform CryptoQuant estimated that the mass enthusiasm in Bitcoin (BTC) is a bullish indicator for the price of the cryptocurrency. However, the analysts determined that “there is still little interest and there is no new influx,” meaning the peak of the bull market is “far away,” and investors have time to enter the ecosystem.

The last time BTC’s popularity (according to Google Trends) spiked significantly was at the beginning of November 2021. Shortly after, the asset skyrocketed to an all-time high of almost $70,000. 

It is worth mentioning that the interest in the leading digital asset has been gradually rising in the past several months after hitting a three-year low in June this year. Some of the reasons triggering more enthusiasm could be BlackRock’s intentions to launch a spot BTC in the United States and the overall revival of the cryptocurrency market lately. 

Other Factors That Could Prompt a Bull Run

The rising interest is not the only condition for BTC’s price to start ascending (according to ChatGPT). The AI-powered language model suggested that institutional investments, mass adoption, macro-economic environment, regulation, and technological developments would also determine the next bull run. ChatGPT paid special attention to regulations, saying:

“Regulatory developments can have a significant impact on the cryptocurrency market. Clarity and favorable regulations can boost confidence and encourage investment, while unfavorable or uncertain regulations can have the opposite effect.”

On that note, it is safe to assume that Ripple’s potential decisive battle in its lawsuit against the US SEC and a possible approval of BlackRock’s filing (or such of another financial giant) for a spot BTC ETF could benefit the entire cryptocurrency sector.

Meanwhile, in an interesting video, we’ve looked at the exclusive clubs of Bitcoin billionaires. It turns out that they are a lot fewer than one would expect. Find out more here:

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


Source link

The post Is It Time to Buy BTC Before the Next Bitcoin Bull Run? appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite