I was looking into potential catalysts of the upswing

So I was looking at the spot Bitcoin etf. And it is true that the ETF would have to buy Bitcoin for every share purchased. So even if JP Morgan was correct talking about a lot of the money will be shifted from Bitcoin to the Bitcoin ETF, then the ETF would still have to buy Bitcoin. So there is only an upside to the price. There is no downside to the price of Bitcoin in this regard.

Then I was looking at other potential catalysts for a upward price swing.

The day for the next Bitcoin halving event is expected to occur between April 18th to 25th, 2024. This event, which will happen on BTC block number 840,000, is anticipated to be a significant catalyst for the Bitcoin market, as it will reduce the mining rewards by half, potentially increasing Bitcoin's value due to limited supply

Regarding recent interest from investors, the Bitcoin market is seeing heightened attention. For instance, open interest on the CME exchange recently made history, surpassing 100,000 BTC, indicating significant interest from retail investors.

In terms of payment processing adoption, a notable development is the strategic partnership between RocketFuel, a global payments processing company, and Ripple, a blockchain solutions provider. This collaboration aims to incorporate Ripple’s payment technology into RocketFuel’s transactional infrastructure, enhancing the efficiency of fiat currency transfers to global merchants and partners. RocketFuel's platform includes features like one-click checkout systems and supports a range of payment methods.

So these are all of the good news that I know about right now. I've decided to share my hopium with all of you.

I find myself slowly becoming a BTC-maxi and I'd like this community's critical analysis to see if my reasoning is bad

I've pursued alt coins aggressively throughout the past two cycles with pretty good success, but I'm getting a lot busier with my work and family life, and find myself leaning into just DCAing into BTC long-term and ignoring the rest of the market.

A few things I've learned about BTC in the past few months have influenced this change of attitude:

• I think everybody knows that the last BTC will be minted in 2140 or some distant year like that. But I only recently learned that about 99.8% of all BTC will be mined by 2032. That's not so far away at all, and that year also coincides with a halving event. I can see the headlines flashing this news at that time, that there is virtually no BTC left to mine and it'll take a hundred years to do it, and I am making the wild assumption that the markets will react strongly to this.

• All of these massive institutional buyers of BTC don't care that its tech is ancient and that it's insufferably inefficient. That's because they just plan to hold it. BTC is wealth-storage in their eyes, a safety net from USD and other fiat currencies. They hold it and they don't sell.

These facts make me want to pay way more attention to BTC than I ever have in my investment career. But then I learned a few other things that worry me about BTC, and I don't know enough about the tech to know if these concerns are warranted:

• The network cost will increase exponentially over the years. Another redditor (whose username is now deleted) put it this way:

This is the part of bitcoin I really don't understand. What happens when the mining reward drops to zero? What is a miner's motivation to continue participating in the verification of the network aside from transaction fees? If they leave en mass for other more profitable crypto, does that make the bitcoin network vulnerable to a 51% attack? I just don't understand how the bitcoin network still functions when the economic incentive for one of its participants is zeroed out.

Is it the case that at some point in the future the network could be so expensive to run that it collapses? Is this the biggest threat to the value of BTC?

Anyway, I didn't write this post to cause a fight between BTC maxis and their haters. I'm genuinely curious what other, more informed people think about these things.

GME Utilization via Ortex - 89.19%

https://www.reddit.com/gallery/17rnkys

Don't be fooled into thinking that the Bitcoin ETF is a sell the news event.

/r/Bitcoin/comments/17rgy6e/dont_be_fooled_into_thinking_that_the_bitcoin_etf/

Today's Top #1: JPMorgan says 'crypto rally looks overdone'

tldr; JPMorgan analysts have expressed doubt about the sustainability of the recent crypto market surge, stating that the "crypto rally looks overdone." They are skeptical of the factors that have led to the rally, including the prospect of a spot bitcoin ETF approval in the U.S. and the SEC's defeat in its Ripple and Grayscale legal cases. The analysts believe that existing capital will shift from existing bitcoin products to the newly-approved spot bitcoin ETFs, and they are uncertain if crypto regulations will ease in the future. They also argue that the upcoming Bitcoin halving event is already priced in. Overall, the analysts are cautious on crypto markets going forward.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

https://www.reddit.com/r/CryptoCurrency/comments/17rdzty/jpmorgan_says_crypto_rally_looks_overdone/

The Chicago Monero Meetup was a SUCCESS! Here's what we learned

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Last week, the Chicago Monero Meetup hosted by Cake Wallet was a resounding success, leaving the Cake Wallet team excited for what's to come in the spring. It was a great opportunity for this global, privacy-focused community to come face to face and have some fun and learn just a little bit more about the future we want to be a part of.

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Monero Chicago Meetup hosted by Cake Wallet

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The event kicked off with pizza, drinks, and networking as the seats slowly filled in the heart of downtown Chicago with notable guests like GirlGoneCrypto, Sarang, and host Vik Sharma who welcomed the evening with a warm speech. The first presentation of the night was distinguished Monero dev Justin Berman, who took the stage as a guest speaker, sharing his latest advancements in the Monero ecosystem and sneak peeks into plans for the future. Adding to the excitement, Luke Parker, the lead developer of Serai DEX, provided an overview of and insight into Serai, an exchange platform designed from the ground up to natively support Monero, Bitcoin, and other assets. Both of these presentations can be found on our YouTube channel here: https://www.youtube.com/watch?v=xCEIcUWdUM0

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This meetup was not only informative but also offered ample opportunities for networking and discussions. Between the presentations was beer & banter; attendees connected with like-minded individuals who share a passion for Monero and privacy in the cryptocurrency space. Furthermore, it was a unique opportunity to meet the broader Cake Wallet team, who have played a pivotal role in supporting Crypto & specifically Monero propaganda.

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After the success of the Chicago Monero Meetup, we are eagerly planning a new meetup sometime come Spring and we hope to see you there! This all underscored the vibrant and innovative spirit of the Monero community. This success showcases how these gatherings can serve as a platform for industry leaders and enthusiasts to come together, share knowledge, and push the boundaries of crypto tech.

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Our next event in promises to be another opportunity to celebrate the continuous advancement of Monero and the broader cryptocurrency ecosystem. The Monero community is now more energized than ever, ready to take more significant steps toward privacy and security in the world of digital finance.

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Thank you so much for meeting up with us!

- The Cake Wallet Team

How To Buy Bitcoin ETF Token (BTCETF) - Detailed Guide

In this article, I will show you how to buy Bitcoin ETF token, So let's go!

Step 1 – Go over to their official website

The first thing you want to get correctly is going over to their official website, Click here to go to their official website 👉👉👉 https://btcetftoken.com/ (Anything else than this is a scam).

Step 2 – Create a Crypto Wallet

You need to set up a crypto wallet, and it's important to chose a wallet that supports ERC-20 tokens as this is BTCETF Standards.

https://preview.redd.it/bcuq1107q6zb1.png?width=1640&format=png&auto=webp&s=7f5adfc6b74469146a24a3ed103edb99928a5c85

Step 3 – Purchase ETH or USDT

Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into BTCETF.

Step 4 – Connect Wallet to Presale Dashboard

Go to BTCETF’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.

https://preview.redd.it/a8u205z9q6zb1.png?width=752&format=png&auto=webp&s=1cd1ca9ee8e88185fd92083cbc69bec344000f8b

Step 5 – Buy BTCETF Token

Investors will see an order box on-screen where they can either select ETH or USDT (or buy with BNB) to use for the exchange. Investors also need to decide the amount of BTCETF coin you want to buy; the minimum investment is 1,000 BTCETF. After making sure that everything is accurate, confirm the trade.

Step 6 – Claim BTCETF Token

Once BTCETF's presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the 'Claim' button on BTCETF's homepage. That's all for how to buy BTCMTX.

Click Here to Get BTCETF Presale Bonus Now

Is BTCETF Legit

BTCETF is a fully legitimate project that has taken numerous steps to ensure investor confidence. The project is linked to real-life Bitcoin events and the tokens are burned and staking rewards are increased as every Bitcoin ETF milestone is reached. BTCETF is speculated to become the next big thing in crypto.

BTCETF Prediction

Looking at BTCETF at the long run, I expect nothing less than 1000x from it, as it aims to fill everybody's bags before the first Bitcoin ETF approval. For example, Bitcoin made people millionaire and made alot retire from their job, I spotted Bitcoin early enough and I made generational wealth🔥🔥🔥, that's why am taking the bold step to invest $50k into BTCETF.

The Verdict?

In conclusion, this guide has addressed everything investors need to know when purchasing BTCETF Token.

At the time of writing, BTCETF token is available for cents guys – the lowest price that investors will be able to acquire them. However, the presale is selling fast meaning investors will need to act quickly before they sell out.

Visit BTCETF Now and get exclusive presale bonus

Is BTCETF a good investment?

There's a high speculation that BTCETF could be a outstanding investment opportunity, it has the potential to make you a lot of money. With no doubt, there's every chance that BTCETF will be among the top players in this industries, it has a lot of utilities and it's stated that it's not pump-and-dump scheme. You don't want to miss out on BTCETF, >>CLICK HERE<< to buy now.