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Bitcoin Blasts Off: Soaring to New Heights and Breaking Records! 🚀📈

Kia ora Tiger traders,

Bitcoin (BTC) has once again soared to an all-time high, reaching over $73,000 in March 2024! This astronomical price surge is thanks to the approval of Bitcoin ETFs in the United States, igniting a frenzy in the crypto market. Remember when Tesla shook the world in March 2021 by buying $1.5 billion worth of Bitcoin? Or when Coinbase's IPO fueled the crypto craze? Those were the days of Bitcoin magic! ✨💸

Is the World Running Out of Bitcoin? ⏳🔍

Unlike the infinite supply of fiat currency, Bitcoin has a capped supply of 21 million coins. As of April 2021, about 89% of this limit had already been mined. Bitcoin mining gets tougher and more power-hungry every four years, a unique feature of its design. By 2040, we might hit the last Bitcoin block, making these digital coins even more precious. Did you know that in 2021, a single Bitcoin mining transaction consumed as much energy as a small country? Talk about power! 🌍⚡

Bitcoin’s Price Outlook: Bubble or Boom? 🔮💥

Predicting Bitcoin’s future is like reading tea leaves. Why? Because only a small group of 'whales'—just 2% of anonymous ownership accounts—hold 92% of all BTC. These crypto titans can sway the market with a single move. Plus, the majority of crypto users are retail investors, not big institutions. This means the market is highly volatile and sensitive to large transactions. 📉📈

Chart Analysis & Forecast 📊✨

From the chart, Bitcoin is maintaining an ascending trend channel, currently testing the $68,000 support level with potential resistance at $70,000. Analysts predict a possible rally towards $75,000-$80,000 if bullish momentum continues, fueled by strong ETF inflows and positive market sentiment [oai_citation:1,Bitcoin Price To Hit $70,000 With $485M BTC ETF Volume and Ethereum ETF Fuelling the Rally](https://coingape.com/markets/bitcoin-price-to-hit-70000-with-485m-btc-etf-volume-and-ethereum-etf-fuelling-the-rally/) [oai_citation:2,Bitcoin (BTC) Price Prediction July 2024, 2025, 2026, 2030, 2040 - 2050](https://coingape.com/price-predictions/bitcoin-btc-price-prediction/).

Social Media Buzz & Analyst Reviews 📱💬

Eric Balchunas from Bloomberg noted the impressive early performance of Bitcoin ETFs, with significant daily inflows indicating robust investor interest. Additionally, platforms like Tradingview highlight a bullish sentiment, with potential price targets exceeding $70,000 in the short term [oai_citation:3,Bitcoin Price To Hit $70,000 With $485M BTC ETF Volume and Ethereum ETF Fuelling the Rally](https://coingape.com/markets/bitcoin-price-to-hit-70000-with-485m-btc-etf-volume-and-ethereum-etf-fuelling-the-rally/).

Fun Facts 🎉🧠

1. The mysterious creator of Bitcoin, Satoshi Nakamoto, is believed to own around 1 million BTC, making him one of the richest people on the planet! 💰

2. Bitcoin’s supply cap of 21 million coins is designed to mimic precious metals like gold, ensuring scarcity and value retention. 🏆

3. The first Bitcoin transaction was used to buy two pizzas for 10,000 BTC in 2010, now worth hundreds of millions of dollars! 🍕💸

Interesting Tidbits 🧐💡

- Bitcoin’s finite supply makes it akin to digital gold. With only 21 million BTC ever to exist, it’s becoming increasingly rare. 🏅

- Despite its volatility, Bitcoin has been one of the best-performing assets over the last decade. 📆📈

- Countries like El Salvador have adopted Bitcoin as legal tender, showcasing its growing acceptance. 🇸🇻

Analysts’ Insights 🧑‍💼🔍

According to a recent forecast, Bitcoin is expected to hit highs of $84,627.23 by the end of 2024【12 [oai_citation:4,Bitcoin (BTC) Price Prediction July 2024, 2025, 2026, 2030, 2040 - 2050](https://coingape.com/price-predictions/bitcoin-btc-price-prediction/)lackRock’s IBIT ETF recorded inflows of $526 million, highlighting strong institutional interest. The launch of Ethereum ETFs has also bolstered the market, providing additional momentum for Bitcoin's rise【11 [oai_citation:5,Bitcoin Price To Hit $70,000 With $485M BTC ETF Volume and Ethereum ETF Fuelling the Rally](https://coingape.com/markets/bitcoin-price-to-hit-70000-with-485m-btc-etf-volume-and-ethereum-etf-fuelling-the-rally/)Trump and Bitcoin: The Big Shift 🇺🇸🔗

Former U.S. President Donald Trump will be Trumpeting his support for Bitcoin at the Bitcoin 2024 Conference in Nashville on July 27. Yes, you read that right! Trump, once a Bitcoin skeptic, will be blowing his own trumpet about Bitcoin at the world's largest Bitcoin conference. His campaign now accepts Bitcoin and other crypto donations, highlighting his evolving views on digital currencies. Just imagine Trump saying, "Make Bitcoin Great Again!"【28† [oai_citation:6,Donald Trump To Speak at Bitcoin 2024 Conference in Nashville - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights](https://bitcoinmagazine.com/business/donald-trump-to-speak-at-bitcoin-2024-conference-in-nashville) [oai_citation:7,Trump to Speak at Bitcoin 2024 Conference in Nashville ✨

Ethereum ETF Approval: Game-Changer on the Horizon 🚀📈

The SEC’s recent nod to the Ethereum ETF is stirring up the crypto waters! This move is expected to set Ethereum on a bullish path, potentially drawing in about $2.6 billion from traditional investors if it captures 20% of Bitcoin ETF's inflows. With the current bullish trend and high market sentiment, Ethereum's price might shoot past its historical peak of $4,800 soon after the ETF launch. 🌟💸

Crypto and Politics: A Strategic Play 🗳️🔗

The U.S. government's frequent green-lighting of crypto ETFs seems more than just regulatory action—it's a savvy bid to win public favor. With Americans increasingly curious about and investing in crypto, both political parties are jumping on the pro-crypto bandwagon. Trump, for instance, has thrown his hat in the ring, endorsing digital currencies and even accepting campaign donations in crypto. His promises, like considering clemency for Silk Road's Ross Ulbricht, underscore how crypto advocacy is becoming a potent political tool. 🇺🇸💬

Bipartisan Support: Fuel for Crypto Adoption 🤝🌐

U.S. political backing is a huge win for global crypto enthusiasts. This bipartisan support translates into more traditional funds flowing into crypto and speeding up its adoption. It signals a broader acceptance and integration of cryptocurrencies into the financial mainstream. 📈🏦

Future Insights: What's Next? 🔮📊

Looking forward, the ongoing approval of crypto ETFs coupled with political endorsements in the U.S. is set to drive massive growth in the crypto market. Increased participation from institutional investors is likely to boost liquidity and stability, creating a more mature market environment. However, this also means Wall Street is stepping in to influence crypto pricing more heavily. In the long run, this could position the U.S. as a dominant force in the global crypto arena, shaping the future of digital finance. 🌍🏆

🏁✨

The SEC’s approval of Bitcoin and Ethereum ETFs is a landmark moment for the crypto market. With huge inflows of traditional funds and growing political backing, the market is poised for exponential growth and mainstream adoption. As institutional investors dive in, the landscape of crypto investment will evolve, presenting new opportunities and challenges for investors worldwide. 🚀🌟

Top 5 Traded Bitcoin-Related Stocks:

1. Marathon Digital Holdings (MARA)

- Known for its extensive mining operations and significant holdings of Bitcoin, Marathon Digital is a major player in the Bitcoin mining industry.

- Recent trading volume has been high due to its aggressive expansion and operational efficiency improvements [oai_citation:1,5 Bitcoin Mining Stocks to Invest in 2024 | CoinCodex](https://coincodex.com/article/35611/bitcoin-mining-stocks/) [oai_citation:2,Ahead of 2024 Halving: Top Bitcoin Mining Stocks to Watch](https://beincrypto.com/bitcoin-mining-stocks-stride-2024-halving/).

2. Riot Platforms (RIOT)

- Riot Platforms is another leading Bitcoin mining company with a focus on expanding its hash rate capacity. Despite some operational challenges, it remains a heavily traded stock [oai_citation:3,5 Bitcoin Mining Stocks to Invest in 2024 | CoinCodex](https://coincodex.com/article/35611/bitcoin-mining-stocks/) [oai_citation:4,Ahead of 2024 Halving: Top Bitcoin Mining Stocks to Watch](https://beincrypto.com/bitcoin-mining-stocks-stride-2024-halving/).

3. CleanSpark (CLSK)

- CleanSpark focuses on sustainable Bitcoin mining using renewable energy sources. It has shown significant growth and is actively expanding its operations [oai_citation:5,5 Bitcoin Mining Stocks to Invest in 2024 | CoinCodex](https://coincodex.com/article/35611/bitcoin-mining-stocks/) [oai_citation:6,Ahead of 2024 Halving: Top Bitcoin Mining Stocks to Watch](https://beincrypto.com/bitcoin-mining-stocks-stride-2024-halving/).

4. Hut 8 Mining (HUT)

- A Canadian Bitcoin mining company with extensive operations and recent acquisitions to increase its capacity. It is also expanding into new jurisdictions, including the U.S. and Germany [oai_citation:7,5 Bitcoin Mining Stocks to Invest in 2024 | CoinCodex](https://coincodex.com/article/35611/bitcoin-mining-stocks/).

5. TeraWulf (WULF)

- TeraWulf operates its own data centers and is known for its commitment to renewable energy and operational efficiency. It has strong growth potential and is a notable player in the industry [oai_citation:8,5 Bitcoin Mining Stocks to Invest in 2024 | CoinCodex](https://coincodex.com/article/35611/bitcoin-mining-stocks/).

25 More Bitcoin-Related Stocks:

1. Argo Blockchain (ARBKF)

2. Bit Digital (BTBT)

3. Canaan Inc. (CAN)

4. Hive Blockchain Technologies (HVBTF)

5. Cipher Mining (CIFR)

6. Bitfarms Ltd. (BITF)

7. Greenidge Generation Holdings (GREE)

8. Core Scientific (CORZQ)

9. Northern Data AG (NDTAF)

10. Block Inc. (SQ)

11. Galaxy Digital Holdings Ltd. (BRPHF)

12. Bit Mining Limited (BTCM)

13. Digital Realty Trust (DLR)

14. Silvergate Capital Corporation (SI)

15. Sphere 3D Corp. (ANY)

16. SOS Limited (SOS)

17. Stronghold Digital Mining (SDIG)

18. Canaan Creative (CAN)

19. MicroStrategy Incorporated (MSTR)

20. Coinbase Global Inc. (COIN)

21. Grayscale Bitcoin Trust (GBTC)

22. Bakkt Holdings Inc. (BKKT)

23. Voyager Digital Ltd. (VYGVF)

24. Ebang International Holdings Inc. (EBON)

25. Diginex Limited (EQOS)

Bitcoin-Related ETFs:

1. ProShares Bitcoin Strategy ETF (BITO)

2. Valkyrie Bitcoin Strategy ETF (BTF)

3. VanEck Bitcoin Strategy ETF (XBTF)

4. Global X Blockchain & Bitcoin Strategy ETF (BITS)

5. Simplify U.S. Equity PLUS GBTC ETF (SPBC)

6. Purpose Bitcoin ETF (BTCC)

7. 3iQ CoinShares Bitcoin ETF (BTCQ)

8. CI Galaxy Bitcoin ETF (BTCX)

9. Fidelity Advantage Bitcoin ETF (FBTC)

10. Horizons Bitcoin Front Month Rolling Futures ETF (HBIT)

11. QR Capital Bitcoin ETF (QBTC11)

12. Hashdex Nasdaq Bitcoin Reference Price ETF (BITH11)

13. Evolve Bitcoin ETF (EBIT)

14. WisdomTree Bitcoin ETF (BTCW)

15. Amplify Transformational Data Sharing ETF (BLOK)

16. Grayscale Digital Large Cap Fund (GDLC)

17. ARK Next Generation Internet ETF (ARKW)

18. Bitwise 10 Crypto Index Fund (BITW)

19. Invesco Alerian Galaxy Crypto Economy ETF (SATO)

20. First Trust Indxx Innovative Transaction & Process ETF (LEGR)

21. Siren Nasdaq NexGen Economy ETF (BLCN)

22. Reality Shares Nasdaq NexGen Economy ETF (BLCN)

23. Defiance Digital Revolution ETF (NFTZ)

24. VanEck Vectors Digital Transformation ETF (DAPP)

25. Simplify Volt Fintech Disruption ETF (VFIN)

As we ride the crypto wave, keep your eyes peeled for the next big move. Will Bitcoin continue to climb, or is there a bubble on the horizon? Only time will tell!

Happy Bitcoin trading ahead! Cheers, BC 🍀

@TigerStars @Tiger_comments @TigerGPT @MillionaireTiger @TigerPM @Daily_Discussion @Tiger_Earnings @TigerOptions @TigerPicks