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Will Bitcoin Reach New Heights This Year?

As Bitcoin continues to capture attention, predictions for its price soar, with estimates reaching $1.5 million by 2030. Meanwhile, the ETF landscape evolves with significant launches, while North Korean threats and September's historical trends add to the market's complexities.

Will Bitcoin Reach New Heights This Year?

💵 Welcome to BTC Insights, the Bitcoin newsletter for investors.

📈 Bitcoin Price - 3 Months

Source: https://www.bitcoinmagazinepro.com/bitcoin-price-live/

🌡️ Bitcoin Temperature

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1: Extreme Fear - 5: Extreme Greed
Be greedy when there is fear in the market and fearful when there is greed.

This article explains how to use the Bitcoin temperature to make your Bitcoin investment decisions. The Bitcoin Temperature is now available on my website and updated every Wednesday.
Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature
Source: Source: https://www.sandeepgoenka.com/btc-metrics/btc-temperature

🥊 Bitcoin Vs Other Assets - 1 Year

Source: https://www.sandeepgoenka.com/btc-metrics/btc-vs-other-assets

🌊 ETF Flows

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ETF flows continue to increase but slowly.
Source: https://heyapollo.com/bitcoin-tracker/flows

🗞️ Bitcoin Bytes

  • According to VanEck's latest research, Bitcoin could potentially reach $2.9 million per coin by 2050 as it becomes a global medium of exchange and reserve asset. Read more here.
  • Cathie Wood's Ark Invest predicts Bitcoin could go to $1.5 million by 2030.
  • According to a recent analysis by Titan of Crypto, Bitcoin is consolidating and appears poised to target $87,000.
  • This year, 13 of the top 25 ETF launches are related to Bitcoin or Ether, with the top 4 being spot Bitcoin ETFs.
  • FBI states that North Korea is attacking cryptocurrency ETFs.
💡
Your ultimate goal should be to learn how to securely self custody your Bitcoin and not have any middlemen between you and your Bitcoin.
  • The Bitcoin bull market is imminent?
  • September is usually bearish for Bitcoin.
  • Mt. Gox and the U.S. government could introduce nearly $15 billion in Bitcoin selling pressure, potentially impacting market dynamics. Read more

📊 Today's Poll

What aspect of Bitcoin excites you the most right now?

Last week's result: Where do you think Bitcoin's price will be by the end of September 2024?

💬 Was It Useful?

With your feedback, I can improve this newsletter. Click on a link to vote:

👍 That helped me. Thanks - 😐 Meh - was ok. - 👎 Not interesting to me.

See you in the next block.
Sandeep Goenka

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