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BlackRock has officially filed for a spot Ethereum ETF with the SEC.
BlackRock also filed for a spot Bitcoin ETF in June, pending regulatory approval.
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Cathie Wood said she thinks the crypto asset ecosystem will scale to $25 Trillion by 2030. 💥
Is it possible?
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As of November 12, the number of Bitcoin millionaires stood at 88,628, signifying a substantial increase of 60,544 from the 28,084 millionaires reported on January 5, according to data retrieved by Finbold.
This surge in Bitcoin millionaires marks a threefold increase in 2023, equivalent to a remarkable 215% growth.
Breaking down the millionaires, the number of addresses holding a minimum of $1 million in Bitcoin sits at 81,962, while addresses with at least $10 million worth of the asset amounts to 6,666.
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Agree?
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The post shows the price of Bitcoin (BTC) before and after three previous Bitcoin halving events, which occurred in 2012, 2016, and 2020.
A Bitcoin halving is an event that takes place approximately every four years, reducing the reward for mining new blocks in the Bitcoin blockchain by half.
This event is programmed into the Bitcoin protocol to control the inflation rate and limit the total supply of Bitcoin to 21 million coins.
Halving has a huge impact on the price of Bitcoin every time the miner's reward is halved.
The good thing is the next bitcoin halving is not far and if it has a similar impact on price as it does previously, then bitcoin could reach a new all-time-high.
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People don't buy when there is blood in the streets but buy when they FOMO. That's why they lose.
The strategy is simple buy when the market is down, and you will be fine. 💯
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Bullish 🔥🔥
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Which web3 tool do you use the most?
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What is your favourite coin for the next bull run? 📊
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🥇 40M Bitcoin addresses, 80% of the total number of addresses, are now in profit. 💪
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