Bitcoin (BTC) news

The expected market value of Bitcoin is projected to reach 3 trillion dollars by 2025, according to Brinchtain.

The market value of Bitcoin is expected to reach 3 trillion dollars by mid-2025. Analysts at Brinchtain highlighted the strong fundamentals of the cryptocurrency, noting that a significant portion of the Bitcoin supply has remained inactive for over a year. These projections come at a time when the cryptocurrency community anticipates the upcoming Bitcoin halving event, scheduled for April or May 2024, which is expected to reduce the amount of Bitcoin sold by miners from a billion dollars today to less than 500 million dollars if prices remain around the current $37,000 mark.

The Financial Accounting Standards Board (FASB) has issued new guidelines that may enhance corporate interest in Bitcoin. These guidelines allow market-based gains, which are expected to make Bitcoin an attractive option for corporate treasury assets. Additionally, the potential approval of a Bitcoin exchange-traded fund (ETF) in the United States in early 2024 looms, providing easier access to the cryptocurrency for investors and companies.

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This optimistic outlook has been positioned against concerns of economic slowdown and anticipated debt monetization challenges in early 2024. In this context, Bitcoin’s role as a hedge against inflation is likely to become more pronounced. The combination of these factors – dormant supply, halving events reducing miner sell-offs, favorable accounting standards, and the potential creation of exchange-traded investment funds – paints a picture of increased corporate and investor interest in Bitcoin as a strategic asset in the face of macroeconomic uncertainty.

Disclaimer: The information provided is not financial advice. Chinwa.tech does not take any responsibility for investments made based on the information provided in this article. We recommend consulting a qualified specialist or financial advisor before making any investment decisions.

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