Is It Too Late for the Crypto Market Now? What Are the Best BTC ETF Picks?

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 multipliersPeaks 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:

  • Feel free to share your BTC ETF positions in the comment section for a chance to win Tiger Coins!

  • If you've achieved profits from other potential stocks we don’t know, kindly share your trading strategies in your post, and remember to include the topic "Winning Trades". Hope you'll be the next one to make it onto the leaderboard~

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# Winning Trades

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • 44kait88
    ·03-06
    There's been a cyber attack on Sweden in the last few hours. I wonder how this threat will affect things...
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  • Huat with cryto will wait for the options to sell puts
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