5 Things That Can End The Bear Market

<p><span style="font-weight: 400;">GM Wizardians! Today, we are will explore 5 important reasons why the cryptocurrency market might be on the brink of an exciting upheaval. </span></p> <p> </p> <p><span style="font-weight: 400;">But first, c</span>heck the recap of the $2k prizepool Rise of Champions tournament. Hosted by <a href="https://wizardia.io/" target="_blank" rel="noopener">Wizardia</a>, sponsored by <a href="https://spintop.network/" target="_blank" rel="noopener">Spintop</a>.</p> <p> </p> <p><iframe style="width: 865px; height: 485px;" src="https://www.youtube.com/embed/M6l2pY1zN-k?t=2s" width="865" height="485" allowfullscreen="allowfullscreen"></iframe></p> <p> </p> <p><span style="font-weight: 400;">Let's dive in.</span></p> <h2 id="reason-1-the-bitcoin-halving-event">Reason #1: The Bitcoin Halving Event</h2> <p> </p> <p><span style="font-weight: 400;">Crypto aficionados are well-versed in the recurring phenomenon that unfolds every four years &ndash; the "Halving." This event involves a reduction in Bitcoin mining rewards by half, designed to curb inflation stemming from the creation of new Bitcoins.</span></p> <p> </p> <p><span style="font-weight: 400;">This process will persist until the maximum supply of 21 million Bitcoins is reached, a milestone projected for around the year 2140. The next Bitcoin Halving is slated to occur in April 2024.</span></p> <p> </p> <p><span style="font-weight: 400;">Historically, each Bitcoin Halving has acted as a catalyst for substantial crypto rallies. An intriguing pattern emerges when we examine the price movements:</span></p> <p> </p> <p><span style="font-weight: 400;">In 2012, BTC surged by an astonishing 365% in the lead-up to the halving, followed by an unprecedented 8,000% increase in the subsequent year.</span></p> <p> </p> <p><span style="font-weight: 400;">In 2016, BTC witnessed a 142% rise prior to the halving, with a remarkable 284% surge in the following year.</span></p> <p> </p> <p><span style="font-weight: 400;">In 2020, BTC experienced a 17% uptick preceding the halving, followed by an impressive 559% surge in the year that followed.</span></p> <p><br><br></p> <h2 id="reason-2-etf-approval-breaking-news">Reason #2: ETF Approval : BREAKING NEWS</h2> <p> </p> <p> </p> <p> </p> <p><picture><source srcset="https://wizardia.io/images/blog/thumb/btcetf-6076.webp 576w, https://wizardia.io/images/blog/inner/btcetf-6076.webp " type="image/webp"></source><source srcset="https://wizardia.io/images/blog/thumb/btcetf-6076.jpg 576w, https://wizardia.io/images/blog/inner/btcetf-6076.jpg " type="image/jpg"></source><img srcset="https://wizardia.io/images/blog/thumb/btcetf-6076.jpg 576w, https://wizardia.io/images/blog/inner/btcetf-6076.jpg " alt="" loading="lazy" width="1280" height="1074"></picture></p> <p> </p> <p> </p> <p><span style="font-family: 'courier new', courier, monospace;"><em><span style="font-weight: 400;">Breaking news! The U.S. Securities and Exchange Commission (SEC) has granted its approval for the inaugural Bitcoin ETF in the United States. </span></em></span></p> <p> </p> <p><span style="font-family: 'courier new', courier, monospace;"><em><span style="font-weight: 400;">This landmark decision paves the way for the ProShares Bitcoin Strategy ETF to commence trading on the NYSE Arca starting October 18. </span></em></span></p> <p> </p> <p><span style="font-family: 'courier new', courier, monospace;"><em><span style="font-weight: 400;">It signifies a pivotal moment in the crypto industry, granting institutional investors access to the Bitcoin market without the need to directly purchase or secure the underlying asset.</span></em></span></p> <p> </p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">Numerous major financial institutions are currently queued up, eagerly awaiting the SEC's green light. Notable players include:</span></p> <p><br><br></p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.blackrock.com/"><span style="font-weight: 400;">BlackRock</span></a><span style="font-weight: 400;">, boasting $9 trillion in assets under management (AUM)</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.fidelity.com/"><span style="font-weight: 400;">Fidelity</span></a><span style="font-weight: 400;">, with $4.5 trillion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.franklintempleton.com/"><span style="font-weight: 400;">Franklin Templeton</span></a><span style="font-weight: 400;">, managing $1.5 trillion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.invesco.com/corporate/en/home.html"><span style="font-weight: 400;">Invesco</span></a><span style="font-weight: 400;">, overseeing $1.5 trillion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.wisdomtree.com/"><span style="font-weight: 400;">WisdomTree</span></a><span style="font-weight: 400;">, with $87 billion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.vaneck.com/"><span style="font-weight: 400;">VanEck</span></a><span style="font-weight: 400;">, commanding $77.8 billion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.globalxetfs.com/"><span style="font-weight: 400;">GlobalX</span></a><span style="font-weight: 400;">, managing $51 billion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://grayscale.com/"><span style="font-weight: 400;">Grayscale</span></a><span style="font-weight: 400;">, presiding over $50 billion in AUM</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://bitwiseinvestments.com/"><span style="font-weight: 400;">Bitwise</span></a><span style="font-weight: 400;">, with AUM exceeding $1 billion</span></li> </ul> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><a href="https://www.roundhill.com/"><span style="font-weight: 400;">Roundhill</span></a><span style="font-weight: 400;">, also with AUM surpassing $1 billion</span></li> </ul> <p><br><br></p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">History has shown that the introduction of ETFs has consistently triggered price rallies for assets. </span></p> <p> </p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">Consider the case of Gold; when the first gold ETF, SPDR Gold Shares, debuted on the New York Stock Exchange in November 2004, it witnessed over $1 billion in inflows within the initial days. </span></p> <p> </p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">Subsequently, the price of Gold soared to record highs, temporarily surpassing the S&P500 Trust ETF to become the world's largest ETF.</span></p> <p> </p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">With the inaugural Bitcoin ETF approved and more in the pipeline, similar price dynamics for Bitcoin and the broader crypto market could be anticipated. </span></p> <p> </p> <p><span style="font-weight: 400; font-family: 'courier new', courier, monospace;">Keep a close watch on BlackRock, renowned for its impressive track record of securing SEC approval for its ETFs. The king of financial firms has a record of 575-1 when it comes to getting its ETFs approved by the SEC.</span></p> <p> </p> <p> </p> <p> </p> <p><span style="font-weight: 400;">Like this article so far? Don't miss how to <a href="https://wizardia.io/blog/beat_the_bear" target="_blank" rel="noopener">maximise your profits in a bear market</a>?</span></p> <p> </p> <p> </p> <p> </p> <h2 id="reason-3-institutional-adoption">Reason #3: Institutional Adoption</h2> <p> </p> <p><span style="font-weight: 400;">An increasingly growing cohort of institutional investors and corporations is embracing cryptocurrency as a legitimate asset class and a hedge against inflation.</span></p> <p> </p> <p><span style="font-weight: 400;">This institutional endorsement not only enhances the credibility and legitimacy of the crypto space but also bolsters liquidity. Some prominent instances include:</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://www.microstrategy.com/en" target="_blank" rel="noopener">MicroStrategy</a>, a business intelligence company, has amassed a staggering 122,000 Bitcoins valued at over $3 billion.</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://www.tesla.com/" target="_blank" rel="noopener">Tesla</a>, the pioneering electric vehicle manufacturer, made waves with its $1.5 billion Bitcoin investment in February 2021 and its decision to accept Bitcoin as a payment option.</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://paypal.com/lt/home" target="_blank" rel="noopener">PayPal</a>, the online payment giant, ventured into the crypto arena by enabling its U.S. customers to buy, sell, and hold cryptocurrencies directly within their PayPal accounts.</span></p> <p> </p> <p><span style="font-weight: 400;"><a href="https://squareup.com/us/en" target="_blank" rel="noopener">Square</a>, a fintech powerhouse, allocated $220 million to Bitcoin investments in 2020 and 2021, facilitating easy Bitcoin buying and selling for its Cash App users.</span></p> <p> </p> <p><span style="font-weight: 400;">This institutional wave not only bestows legitimacy, credibility, and liquidity upon crypto but also signals a promising future for the crypto space.</span></p> <p> </p> <h2 id="reason-4-the-rise-of-web-30-adoption">Reason #4: The Rise of Web 3.0 Adoption</h2> <p> </p> <p><span style="font-weight: 400;">The concept of Web 3.0 is steadily gaining recognition and is becoming increasingly popular. Web 3.0 has garnered widespread adoption globally, creating a significant buzz in the market.</span></p> <p> </p> <p><span style="font-weight: 400;">Web 3.0 presents a remarkable opportunity for cryptocurrency to disrupt various industries, including social media, gaming, e-commerce, finance, and more. </span></p> <p> </p> <p><span style="font-weight: 400;">As more people and businesses embrace Web 3.0 applications and platforms, the demand for cryptocurrency is poised to soar.</span></p> <p> </p> <p><span style="font-weight: 400;">As Web 3.0 continues to permeate various sectors, it is poised to fuel demand for cryptocurrencies and blockchain-based technologies.</span></p> <p> </p> <h2 id="reason-5-mainstream-awareness-and-acceptance">Reason #5: Mainstream Awareness and Acceptance</h2> <p> </p> <p><span style="font-weight: 400;">Cryptocurrency has been thrust into the spotlight, garnering increasing attention from mainstream media, celebrities, influencers, and established institutions.</span></p> <p> </p> <p><span style="font-weight: 400;">Heightened exposure equates to increased adoption. As more people gain knowledge about cryptocurrency's potential to enhance their lives, they become more inclined to invest in, use, and support it.</span></p> <p> </p> <p><span style="font-weight: 400;">Some noteworthy instances of cryptocurrency achieving mainstream recognition include:</span></p> <p> </p> <p><a href="https://bitcoinmagazine.com/el-salvador-bitcoin-news/el-salvadors-bitcoin-revolution-two-years-as-legal-tender"><span style="font-weight: 400;">El Salvador</span></a><span style="font-weight: 400;">: This Central American nation made history by adopting Bitcoin as legal tender, enabling its citizens to employ it for everyday transactions and remittances.</span></p> <p> </p> <p><a href="https://cointelegraph.com/news/twitter-to-allow-users-to-add-btc-and-eth-addresses-to-profiles-screenshots"><span style="font-weight: 400;">Twitter (X)</span></a><span style="font-weight: 400;">: The social media giant enabled users to add Bitcoin and Ethereum addresses to their profiles, allowing them to tip each other with cryptocurrency using the Strike app.</span></p> <p> </p> <p><a href="https://about.fb.com/news/2020/05/welcome-to-novi/"><span style="font-weight: 400;">Facebook</span></a><span style="font-weight: 400;">: The tech giant rebranded its digital wallet from Calibra to Novi and announced plans to launch its own stablecoin named Diem.</span></p> <p> </p> <p><a href="https://www.netflix.com/tudum/articles/trust-no-one-the-hunt-for-the-crypto-king-trailer"><span style="font-weight: 400;">Netflix</span></a><span style="font-weight: 400;">: The streaming giant confirmed its work on a documentary series focused on Bitcoin and cryptocurrency. This series features prominent figures within the crypto space, including Vitalik Buterin, Brian Armstrong, and Michael Saylor.</span></p> <p><br><br></p> <p><span style="font-weight: 400;">Here are our five reasons to provide a glimpse into why the cryptocurrency market may experience an upswing in the near future. </span></p> <p> </p> <p><span style="font-weight: 400;">Nevertheless, it is vital to remember that the crypto realm is inherently volatile, and investments are fraught with risks and uncertainties. </span></p> <p> </p> <h2 id="the-magic-crypto-ball">The Magic Crypto Ball &#128302;</h2> <p> </p> <p><span style="font-weight: 400;">&#129309;</span> <a href="https://wizardia.io/blog/introducing_kriptomat" target="_blank" rel="noopener">Wizardia teams up with Kriptomat</a></p> <p> </p> <p><span style="font-weight: 400;">&#127974; <a href="https://www.coindesk.com/business/2023/09/14/deutsche-bank-to-delve-into-crypto-custody-tokenization-with-taurus/" target="_blank" rel="noopener">Deutsche Bank and Taurus</a> are joining forces to offer crypto custody and tokenization solutions. </span></p> <p> </p> <p><span style="font-weight: 400;"><span style="color: #f1c40f;">&#8383;: </span>Binance.US has lost its <a href="https://www.msn.com/en-us/money/news/deutsche-bank-joins-crypto-wave-partners-with-taurus-for-digital-asset-custody/" target="_blank" rel="noopener">Head of Legal and Chief Risk Officer.</a> They both resigned from the U.S.-based exchange, following the departure of its CEO earlier this week. </span></p> <p> </p> <p><span style="font-weight: 400;">&#128683; <a href="https://bing.com/search?q=Deutsche+Bank+Taurus+crypto+custody+tokenization" target="_blank" rel="noopener">Genesis is shutting down</a> all its trading operations. The company's U.S. branch was already closing down last week, but now it's confirmed that its international trade branch will also cease operations.</span></p> <p> </p> <p><span style="font-weight: 400;">&#129309; <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-14-2023/card/binance-us-legal-risk-executives-leave-the-crypto-exchange" target="_blank" rel="noopener">Grab is collaborating with Circle</a> to test a new Web3 wallet within the app. Grab has ~180M users and is one of the most popular apps in Southeast Asia.</span></p> <p><br><br></p> <p><span style="font-weight: 400;">So, fellow adventurers, keep your incantations at the ready, your spellbooks open, and your magic eyes peeled to the possibilities of the crypto universe. May your investments be wise and your journeys filled with wonder.</span></p> <p> </p> <p><em><span style="font-weight: 400;">Until next time, onward and upward, my fellow Wizardians! &#127775;&#129668;&#128200; #CryptoMagic</span></em></p> <p> </p>