Not all crypto-related stocks participated in the recent rally, with several Bitcoin miners falling sharply.
What are the best options for investing in crypto-related stocks?
Curious about which stock this is? Let's find out!
Congratulations to @Bayb5 for a profit margin of $1135.70 through trading $iShares Bitcoin Trust(IBIT)$! 👏
Following the SEC's approval of US spot Bitcoin ETFs in January, the iShares Bitcoin ETF gathered the most assets among the newly approved funds.
Despite charging 1.5% annually, $Grayscale Bitcoin Trust(GBTC)$ still holds $21 billion in assets, while the $4 billion iShares Bitcoin Trust ETF charges 0.12%, making IBIT a much better deal for investors.
If you're looking to invest fresh money in Bitcoin, IBIT is a much better deal than GBTC as it tracks an identical index but costs 0.12% annually versus 1.5%.
Is it too late to enter the market now?
Halving is a known, pre-programmed event where the issuance of new Bitcoins is halved every four years. This reduces the supply of Bitcoins being sold, leading to price increases.
Historically, the price of Bitcoin tends to surge before and after halving. Halving acts as the midpoint of a bull market, with price surges typically being greater after halving than before.
The confluence of meta protocols, exchanges via DLCs, a surge in Bitcoin-centric projects, and the advent of BitVM collectively signal a bullish outlook for Bitcoin. These catalysts represent a fundamental shift in Bitcoin's role within the broader crypto ecosystem. ETFs will provide an additional avenue for liquidity to flow in.
Here's a prediction for the peak of this bull cycle: $175,000 per BTC.
Peaks and Troughs multipliers
The peak in the previous bull market was just under $70,000. The multipliers are diminishing from one peak to the next. This makes sense to some degree because of the law of diminishing marginal returns. As an asset becomes larger, it becomes increasingly challenging to apply another multiplier to its market cap.
The multiplier for the next peak will likely be between 2-3x. This puts the price target between $140,000 and $210,000.
Do you agree with the price target: $175,000 Before 2026?
🎁Rewards：
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