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Bitcoin (BTC) Needs To Reach $80,000 For BTC Miners To Be Profitable. What Does This Mean For Crypto?

The Bitcoin halving event has been highly anticipated in the crypto world. Apart from the significance of the event itself, many look forward to the bull market that has historically accompanied every Bitcoin halving event. 

However, with the block rewards now reduced to 3.125 BTC, miners need Bitcoin (BTC) to reach a price of $80,000 or higher to maintain their profitability. Can Bitcoin (BTC) reach that price mark? How would this affect the general crypto market?

Bitcoin Halving: This BTC Bull Season Is Unlike The Rest

Historically, there has been a surge in price after Bitcoin (BTC) rewards halved. This has led to all-time highs for the premier cryptocurrency a few years after each Bitcoin halving. This time, however, Bitcoin (BTC) has already attained an all-time high (ATH) before the halving. So, experts are divided on what this means for the immediate future of the world’s largest crypto.

While some believe that Bitcoin’s pre-halving price action is setting it up for the biggest bull season the financial market has ever seen, others are of the thought that a mega dump is imminent. They base this prediction on the thought that the Bitcoin (BTC) entire price cycle has been compressed and that long-term holders now have more basis to sell off significant BTC holdings.

One thing is certain, though – Bitcoin (BTC) is now scarcer than before. According to basic economics, when the supply of an asset decreases, the demand shoots up along with the price. Thus, the halving is a bullish event for Bitcoin (BTC) in general, and it should be reflected accordingly in its price as time goes on. 

When Bitcoin’s price eventually shoots up, the entire crypto market will benefit. Mem ecoins will proliferate, altcoins will break ATHs, and newer projects will grow exponentially. One of such new projects is ETFSwap (ETFS)

ETFSwap – An Innovative Platform With A Unique Vision

ETFSwap (ETFS) is a Decentralized Exchange (DEX) that focuses on bringing the world of cryptocurrencies and exchange-traded funds (ETFs) together. It aims to do this by representing these ETFs on the blockchain and allowing them to be converted to stablecoins and other crypto assets.

Through ETFSwap’s innovation, it is now possible for the ordinary crypto investor to get their hands on ETFs of Grayscale, Blackrock, VanEck, and other institutions without having to register with them. What is more, the ETFSwap (ETFS) platform requires no KYC registration, enabling complete decentralization for interested investors.

To cement its place as the foremost crypto ETF platform, ETFSwap offers many unique investment tools. It has the ETF Finder (which helps you search for suitable ETFs) and ETF Filter (which offers more personalized search options based on your investment preferences). These tools help investors make well-rounded decisions in the ETF world.

It also has the ETF Leverage trading tool, which offers investors the opportunity to increase their profit potential by as much as 1000%. All these tools are built on top of a safe platform, which Cyberscope, a foremost blockchain security platform, has thoroughly audited.

Partake In The ETFS Presale Before It Sells Out

After securing $750,000 in a private sale round, ETFSwap (ETFS) has moved to the first stage of its presale. In this stage, investors can purchase the ETFS token at $0.00854 each. Buyers are also entitled to an 20% bonus on top of their original purchase. 

When stage 2 of the presale starts, each ETFSwap (ETFS) token will sell for $0.01831, which is an increase of over 100% on the present price. Furthermore, with the immense utility of the token, experts have predicted it to reach at least $1 when the platform fully launches. When that happens, investors will have gained over 10,000% profit from the present price point.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

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