The BULL is BACK! FIVE strong arguments for a BULL MARKET.
Bitcoin and Cardano Update: The Perfect Storm?
Bitcoin news
Argument 1: December 13th FOMC Statement.
Indicators suggest that economic growth has slowed. Low unemployment (high unemployment fuels recession) and inflation is falling. Low unemployment is important to continue monitoring. Current high interest rates make borrowing more expensive for companies and slowing economic growth may result in layoffs. That could lead to a recession. Because: High unemployment means falling purchasing power. Read the full FOMC statement here.
Advertising
Argument 2: Upcoming interest rate cuts
The consequence of argument 1 is that interest rate cuts are imminent in 2024-2026 while inflation falls to 2%. You read that right! Lower interest rates mean a huge boost to economic growth and therefore also to the valuation of stocks and crypto! View the dot plot diagram here.
Bitcoin and Ethereum appear to be preparing for new declines
Bitcoin news
Argument 3: Bitcoin fair value accounting
The Financial Standards Board (FASB) has announced the fair value of Bitcoin on company books. This means that the assessment is recorded quarterly. This is in contrast to before, where the value of Bitcoin was recorded at the end of the year. Was the value lower than the purchase price? Then there was a decrease in value. Was the value higher? Then this only counts after the sale! This new regulation makes it more interesting for companies to include Bitcoin on their balance sheet. You can find the announcement here.
Bizarre Cardano Surge, Bitcoin Super Cycle Has Begun: Weekly Overview
Bitcoin news
Argument 4: The spot Bitcoin ETF in March 2024?
This will be the biggest driver of the next bull market and no one can predict how much money will flow into the crypto market in the years following approval. BUCKLE UP!
Good news! 🎉 Bitvavo is celebrating Christmas and giving our readers free BTC, XRP or another cryptocurrency 🚀
Advertising
Bitvavo
Argument 5: The Bitcoin halving in April 2024
The halving will halve the mining rewards per block. This goes from 6.25 to 3.125. This means even less inflation for Bitcoin and a further increase in scarcity. This continues to fuel the bull market and has been a key driver of the price increase so far.
Post views: 140