Predictions that the Bitcoin price could exceed $100,000 in a bull rally have increased interest in coins that can benefit from the Bitcoin rise.
Standard Chartered, a leading financial institution, has entered the cryptocurrency world. As it is known, the crypto industry is known for exaggerated predictions and speculative price expectations. Geoff Kendrick and his expert team at Standard Chartered attracted attention with their predictions that Bitcoin will reach 100 thousand dollars, and they are determined in these predictions. In fact, they have reiterated their predictions twice this year and now state that the goal is not only achievable but also rapidly approaching.
Kendrick attracted attention in April 2023 by predicting that the value of Bitcoin would reach 100 thousand dollars by the end of 2024. Kendrick reiterated his prediction in July, attributing the decrease in miner selling pressure and the halving of the block reward, which he saw as positive factors, and remained determined once again in November. In a recent message to clients, he reiterated his belief that Bitcoin will undoubtedly reach $100,000 in value by the end of 2024 “when all elements work according to plan.” Kendrick highlighted two emerging factors that will trigger Bitcoin’s rise.
The first development is the much-anticipated authorization of actual Bitcoin exchange-traded funds (ETFs) in the US. The cryptocurrency community has long been eagerly awaiting new investment instruments, with the expectation that they would allow significant money flows into Bitcoin. Bitcoin’s halving in April 2024 is another element that will take place in the same period. The incentive given to miners to verify transactions is halved every four years. This phenomenon reduces the flow of new supply to the market. The combination of these two events is said to have the potential to create an ideal situation for Bitcoin. While the launch of Bitcoin ETFs is expected to attract significant new investment, the halving event reduces the rate at which new Bitcoins are released. According to these experts, this dynamic has the potential to push the Bitcoin price beyond the $100,000 threshold.
In particular, the halving event sparked discussions about Bitcoin mining. In recent weeks, trends have started towards the Bitcoin Minetrix (BTCMTX) project, which stands out with cloud mining. So what is Bitcoin Minetrix?
Bitcoin Minetrix (BTCMTX) – An Encrypted and Easily Verifiable Cloud Mining Platform
Bitcoin Minetrix (BTCMTX) simplifies the process of receiving Bitcoin rewards using a pioneering “stake-to-mine” method tied to Bitcoin’s growing popularity. Users Buy Bitcoin Minetrix tokens By staking their tokens, they can benefit from cloud mining capabilities. They can also earn Bitcoin without the need for expensive equipment or special expertise.
This process democratizes the practice of Bitcoin mining and thus expands its accessibility to a wider audience. BTCMTX stands out as a tokenized staking system that gives users more control and reduces the risks associated with traditional cloud mining.
Users can bypass long mining contracts to earn mining credits instead Buy Bitcoin Minetrix tokens stakes. These credits are then traded for allocated mining time on the decentralized BTCMTX platform. This unique concept combines the advantages of staking with the returns from Bitcoin mining, optimizing potential returns for investors.
Users can earn a significant percentage of annual income on the BTCMTX tokens they stake and can also earn Bitcoin through the mining process.
Pre-sale of Bitcoin Minetrix Exceeds $7.2 Million
The Bitcoin Minetrix presale is progressing rapidly and reaching new major milestones. Presale uses a pricing structure that increases in stages and provides early investors with more advantageous entry points.
Right now Buying Bitcoin Minetrix Those who want can obtain the token at a price of $ 0.0126. This presents a promising possibility for early investors looking to make profits in the future. However, it is important to remember that this price will increase within two days.
This concept is very attractive to retail investors entering the cryptocurrency market, especially those who are cautious about taking risks and belong to an older age group. Potential investors have the option to acquire tokens through many channels such as credit cards, Ethereum, USDT or BNB. This increases accessibility for a wider range of users. To perform this transaction, it is also necessary to have an Ethereum compatible wallet such as MetaMask or Trust Wallet.
Once successfully mined, BTCMTX tokens enable the discovery of the new stake-to-mine model that disrupts the Bitcoin mining industry and positions this project as a leader in an evolving sector. This strategy aims to encourage early investments by providing discounted rates and the possibility of appreciation before BTCMTX is listed on exchanges.
The team has an all-encompassing strategy for the period following the pre-sale, which includes activities such as securing stock exchange listings, executing marketing initiatives, creating mobile applications and expanding staff. Ongoing discussions with well-known mining companies provide a positive prospect for future expansion.
Additionally, for individuals who are new to the mining industry, this offers the chance to explore the fascinating world of cryptocurrencies, gain knowledge and earn profits at the same time.
Disclaimer:
Koin Bulletin is not responsible for any damage or loss related to any products or services mentioned above. Koin Bulletin encourages readers to conduct their own research regarding the company mentioned in this sponsored article and the products or services it offers.