Some Catalyst That Might Influence The Next Bitcoin Bullish Movement
Bitcoin has seen a price decline since the beginning of third quarter. When bull? Is a question everybody in the crypto space has kept on asking, the bull season when? Nobody knows but there are several catalyst that will facilitate the next bullish market movement. One of those several catalyst is the bitcoin ETF, ETF which stands for exchange traded fund is said to be one of the first driver of this movement.
Is no longer news that institutions are trying to find their way into the crypto industry, with the exchange traded fund the stock exchange commission is siting that an institution owning this will introduce market price manipulation. Some institutional investors has been bent on having one which is Black Rock has stated the initiation process of owning one as at the first quarter of the year.
The next of the queue is the bitcoin halving which is scheduled to happen middle of next year, is simply means that they will be reducing bitcoin miners reward. Well over time this has really influenced the bullish market movement of the digital asset bitcoin. Then lastly regulation, tho from the publication which was able to throw some positive thought about the intent of regulating the crypto space( Defi, stable coins etc) which is centered on the customer/ investors protection.
If you see this post on a Web2 ecosystem and you have no clue about what Leofinance is here is a brief definition;
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Over here we refer to users as lions, so are you ready to be a lion here is my referral link See leoglossary for the terms used within this post also don’t forget in contributing to the pHBD-USDC pool, and from statistics it looks like we will be able to archive the set target in a few months, let’s do our own part in h growing the pHBD-USDC liquidity and also take out time to participate in the Leo power up challenge which happens every 15th of each month.
Let’s also connect on some of the web2 platform.
Twitter:Hironakamura