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| By Beth Canova |
We’re closing in on Bitcoin’s next halving event. With only about eight days to go, investors are eagerly waiting to see how the market will react.
We’ve already broken historical precedent since Bitcoin hit a new all-time high ahead of the halving. Now, we could see history be made a second time because …
Continued institutional interest — as evidenced by the sustained inflows into the spot Bitcoin ETFs — as well as anticipation for the halving have pushed Bitcoin back up to trade between $68,000 and $72,000.
That puts it just under its recently established all-time high near $73,000 with the potential to break above it.
But Marija Matić warns that this could be a harbinger for increased volatility as April continues. And she reminds you of the cardinal rule to help you navigate it.
Some of that volatility could be influenced further from an unexpected source.
China’s Gold Rush Could Send $25 Billion Into Bitcoin
As a special treat, we had a guest expert, Mark Gough, join us to draw your attention to a tidal wave of adoption that will sweep over Bitcoin in the near future.
See, Chinese investors are seeking safety from government-controlled assets. And without reliable access to crypto investments, they’ve been pouring into precious metals.
But next week brings the potential for a Hong Kong-based spot Bitcoin ETF approval, which would allow Chinese investors to buy into the “digital gold.”
Remember the frenzy of the U.S.-based ETF approvals? Now imagine that hitting right as the BTC halving reduces the rate at which new Bitcoin can be mined.
But we’re not shortsighted. Others on our team are already looking to see what will come next. And Dr. Bruce Ng is most excited about altcoin season — when Bitcoin takes a back seat to let other cryptos lead the market.
Indeed, in his issue this week, he revealed …
3 Steps to Maximize Your Altseason Profits
According to Dr. Bruce, while altcoin season is still ahead of us, there are three steps you can take now to set yourself up for the best chance of success when the altcoins finally take off.
But he’s not the only Weiss crypto expert looking beyond the halving …
This New Tech Is Driving a Quantum Leap in Crypto Security
Our resident tech expert Jurica Dujmovic’s excitement about quantum computing leaps off his recent issue. That’s because it has insane implications for computing. And it has the potential to push crypto security into the stratosphere, strengthening the broad ecosystem.
Even better, he reveals the names of several crypto projects that are at the cutting edge of developing this new tech.
Big things are boiling under the surface in the crypto markets, and macroeconomic factors are at work that could send prices even higher.
Several of those are set to converge next week. So, you’ll want to keep up with our Weiss Crypto Daily updates to stay informed.
Check your inbox tomorrow at 4 p.m. for your next issue.
Best,
Beth Canova
