Could We be heading for a double-headed bull run this time around?

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Bitcoin celebrated its 15th year anniversary two days ago, a journey that serves as testing ground of its strength and reliability. This could earn it the title of best investment asset in the 21st century. As we mark this milestone with congratulations to both Bitcoin and Satoshi Nakamoto, various unprecedented events are unfolding within the crypto world that may lead to rare occurrences such as a double-headed bull run, a situation where there would be an extended period of growth combined with increased acceptance of digital currencies. This article will explore five significant factors which have potential evidence leading towards the predictions of these circumstances that are unfolding, and what implications they could possibly present if they do take place.
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Factor 1. The expected approval of the Spot Bitcoin Traded Fund (ETFs)

Analysts and the entire crypto community believe that the approval of Bitcoin ETFs could fuel the possibility of a double-headed bull run this time, because it offer exposure to the crypto market through traditional investment vehicles, leading to a more institutional investors involvement in this field. The effect of such development have the potential to spike a surge in the increase in crypto prices.

Despite series of rejection by the SEC in the past, we may be on the cusp of seeing a Bitcoin ETF approval by the SEC soon this year. In recent weeks, all applicants were instructed to implement final revisions in their S 1 filings which are now publicly available. With each applicant believed to have met approval criteria for their submissions, only SEC approval stands as an obstacle toward officially giving the nod for such offerings. Should approval be granted as expected from this agency, then it could ignite significant growth within the crypto currency markets overall.

Factor 2. The upcoming BTC Halving

The Bitcoin halving is another element that could lead to a double-headed bull market.

During halving which usually takes place every four years, the miners' reward for carrying out their duty of authenticating transactions on the network is half by 50%. A reduction that appears undesirable to miners, however, it's on record that this has caused the price of BTC to rise historically. As the crypto community anticipate the next BTC halving, enthusiasts believe that a repeat of previous post halving events could be on the horizon. A situation that saw the price of BTC surge exponentially.

Just like the expected approval of the Bitcoin Spot ETFs, the next Bitcoin halving event have the potential to drive the value of the digital currency upward and causing a chain reaction in the general crypto market. The event is set for April 24th, 2024 and scheduled at precisely 13:57:26 UTC, this halving will reduce block rewards by half to only offer up 3.125 BTC per block. Past blockchain halves has led to significant rises in Bitcoin prices; it is reasonable that we could see similar results with this one as well.
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Factor 3. The potential shift in policy by the Federal Reserve

The Federal Reserve has been making preparations for a potential decrease in interest rates within the financial sector of the United States. The report from their meeting on Wednesday shown that there may be upcoming cuts to interest rates early in 2024. Such rate reductions have historically led to economic recessions, prompting investors to shift their money away from risky assets and towards safer alternatives.

Should the expected Fed rate cuts become effective soon, it may result in an influx of fresh capital into crypto assets. Additionally, market analysts anticipate a surge in investor confidence towards cryptocurrency this year as the Bitcoin ETF is anticipated to receive approval from regulatory bodies within the US. Consequently, experts predict that if these events materialize, there could be a double-headed bull run for the crypto market.

Factor 4. The upcoming America Presidential Election Cycle

The next presidential election coming up in the U.S could have an impact on the crypto landscape either way. The uncertainty surrounding politics and likelihood of new leadership may result in heightened investments into cryptocurrencies as protection against inflation and political unrest. Furthermore, the crypto community within America have expressed their backing towards having an advocate for Bitcoin hold office next term through donations worth millions made in crypto to support pro-bitcoin candidates running for presidency during elections.

Increased adoption and investment may result in a surge in BTC price if the upcoming presidential administration is more receptive to cryptocurrencies, and Bitcoin in particular.
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Factor 5. Bitcoin Global Adoption Effect

There is potential for a double-headed bull run for Bitcoin's value, might be triggered by its worldwide growth. Various factors mentioned earlier may result in an extensive recognition of both BTC and cryptocurrencies as a whole, which could lead to escalation in investment and adoption rates. Consequently, areas that were previously unreceptive to the idea of utilizing this digital asset might take interest- thereby boosting its market prices to an unprecedented height.

The current state of the crypto market right now makes it easier for anyone to predict its future direction, either left or right, upward or downward. Without a doubt, It's clear that the crypto market is about to enter an unprecedented time, that might contribute to a double-headed bull run.
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Conclusion

Even though there may be several other factors that could lead to a surge in the price of BTC, it's important to remember that this market is volatile in nature. The occurrence of a significant event remains only a thing on paper, as such, staying up-to-date with relevant information and being cautious in investments always holds significance regardless of one's level of expertise or experience within crypto space. There's no other time to be bullish about crypto than now!
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All images recreated on Adobe Express

Posted Using InLeo Alpha



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11 comments
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So you decided to copy my divider that I designed myself for my blog and out your name on it instead of create yours. I said copy the code, not the images or the content.

When are we gonna be in good terms again? 🤦

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Oops, my bad, I am very sorry, I woke this morning with you on my mind, I just wondering why until I saw this. I tried hard to understand the codes but it didn't work for me. I will create my own divider instead. Please forgive me. We need to be in good terms from today. Please reconsider. I forget to give reference to you for the divider.

Thanks for your guidance and assistance so far.

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I do not need reference. It is not a public image, it mine and my style, you have no permission to use it. Be original and create yours, or there is a image stock community where people leave resources like dividers for people to use.

Not all images are free for use just because you put the reference.

And you don't have to understand the code. just substitute the text. Do not use the summary part because you don't translate, the rest, it's just to justify text and create division with lines.

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The divider lines don't copy along with the text. I tried several times to copy the whole page and paste on inleo editor to use for my post but the divider lines didn't appear, only the texts appeared.

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Your 3 dots on inleo don't work, right? on mobile

You can select there "copy raw" from peakd "view versions" and on ecency I think it's history. That way when you see a post nicely crafted, you can see the code.

Copy the code, use as reference, but never copy exactly what they did because that is their style. You can use the code to create yours.

But still, just the dividers, some images, and justify the text gives it such a clean presentation that is enough

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Thank you for everything. You have really helped me a great deal.

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Good morning, I was hoping to see your evaluation on my last post, but didn't see anything. I hope all is good?

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(Edited)

Again, inleo editor don't have divider feature on mobile, even text header differentiation isn't functioning, I edited the post on peakd and copy paste on inleo. It's really difficult for mobile users to format blog post normally using any of the Hive frontends on mobile phone.

I am replying from ecency because inleo doesn't load long form post and comments on mobile phone for me.

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But what divider option you mean?
The line is just three dashes. it is not an option in any front end actually.

You write this and there is a divider.

The headers is also just

Or

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I never knew about this, I tried all I can to find them on inleo to no avail.
Let me see if I can get it right this time around.
Thanks for everything.

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