Tide Capital: Bitcoin Halving, 6 Big Ideas You Need to Know

At
Bitcoin
block
height
#837188,
with
20
days
left
until
the
fourth
halving,
Bitcoin
has
hit
the
$70,000
mark
on
this
station.
A
subtle
shift
in
market
sentiment
has
occurred.
Faced
with
the
upcoming
halving,
will
history
repeat
itself
with
another
halving
rally,
or
will
it
trigger
a
new
narrative?
Bulls
and
bears
are
engaged
in
fierce
speculation.

 

Tide
Capital
has
released
its
latest
research
report
“Bitcoin
Halving,
6
Big
Ideas
You
Need
to
Know”
on
its
official
website,
outlining
the
six
most
important
clues
and
judgments
driving
Bitcoin’s
price.

 

This
article
excerpted
some
of
the
content
from
the
research
report
for
public
release.
For
the
full
version,
please
log
in
to

Tide
Capital
to
download
the
complete
report.

Bitcoin:
Approaching
its
fourth
halving,
expected
to
reduce
annual
selling
pressure
by
$10
billion

Bitcoin
will
undergo
its
fourth
halving
on
April
18,
2024,
reducing
the
block
reward
from
6.25
bitcoins
to
3.125
bitcoins,
further
diminishing
bitcoin’s
production
and
selling
pressure.

 

Before
the
halving,
Bitcoin’s
annual
output
was
approximately
330,000
bitcoins.
Calculated
at
a
price
of
$65,000
per
bitcoin,
this
would
introduce
over
$200
billion
in
selling
pressure
to
the
market.
Following
the
halving,
the
annual
selling
pressure
of
Bitcoin
will
also
halve,
effectively
reducing
it
by
$100
billion,
thereby
alleviating
the
selling
pressure.

Bitcoin:
Historically,
following
each
of
the
three
halvings,
there
has
been
a
significant
increase
in
price
in
the
subsequent
year

A
common
trend
among
halvings
is
a
significant
price
increase
in
the
year
following
the
event.
With
less
than
30
days
remaining
until
the
fourth
halving,
the
market
is
beginning
to
factor
in
the
impact
of
this
event.
There
is
a
high
probability
that
Bitcoin
will
continue
to
experience
volatile
upward
movements. 

Bitcoin:
ETFs
receiving
accelerated
fund
inflows,
fueling
continued
upward
momentum

On
January
10th,
BTC
spot
ETFs
were
approved,
leading
to
billions
of
dollars
in
off-exchange
fund
inflows
thereafter,
further
driving
the
continuous
upward
trend
of
Bitcoin. 

 

Taking
cues
from
the
gold
ETF,
the
introduction
of
the
first
gold
ETF
led
to
a
decade-long
bull
run
for
gold,
with
gains
exceeding
400%.
Currently,
the
market
value
of
gold
is
$14.5
trillion,
while
Bitcoin’s
market
value
is
only
$1.3
trillion,
indicating
that
Bitcoin
still
has
ten
times
the
potential
compared
to
gold.
Moreover,
the
launch
of
Bitcoin
ETFs
is
more
favored
than
that
of
gold
ETFs
in
their
respective
periods,
with
the
speed
of
fund
inflows
significantly
leading
the
way.

Inscriptions:
Bitcoin’s
native
innovation,
poised
to
trigger
a
third
wave
of
enthusiasm

In
January
2023,
Bitcoin
developer
Casey
Rodarmor
introduced
the
Ordinals
protocol,
allowing
users
to
embed
data
into
the
Bitcoin
blockchain,
thus
creating
NFTs
and
token-like
assets
on
Bitcoin,
ushering
in
a
new
era
of
innovation
within
the
Bitcoin
ecosystem.
Since
its
launch,
Ordinals
has
accumulated
over
60
million
total
inscriptions.

 

Inscriptions
represent
a
native
innovation
within
the
Bitcoin
ecosystem,
attracting
more
users
and
developers
to
the
Bitcoin
community.
Various
new
applications
and
gameplay
mechanics
continue
to
emerge.
When
Bitcoin
undergoes
its
next
halving,
market
attention
will
once
again
shift
towards
the
Bitcoin
ecosystem,
and
inscriptions
are
poised
to
kick
off
a
third
wave
of
enthusiasm. 

Runes:
The
Runes
protocol
is
expected
to
go
live
during
the
halving,
and
Rune
Stone
is
poised
to
become
a
core
asset

Rune
Stone,
introduced
by
Leonidas,
the
founder
of
the
Ord.io
browser,
completed
its
initial
distribution
by
airdropping
NFTs
to
112,383
Bitcoin
addresses.
Its
current
market
value
exceeds
$300
million.
Rune
Stone
has
become
the
representative
asset
of
the
Runes
Protocol.
More
and
more
projects
are
starting
to
airdrop
tokens
to
users
holding
Rune
Stones.
Rune
Stone
possesses
significant
potential
for
imagination,
and
its
future
applications
and
gameplay
are
highly
anticipated. 

 

Additionally,
after
the
launch
of
the
Runes
Protocol,
users
holding
Rune
Stones
will
be
able
to
convert
them
into
fungible
tokens.
Rune
Stone
embodies
a
narrative
of “Runes
protocol”
+ “Airdrop
asset”
+ “Coin
issuance
expectation”
and
is
poised
to
become
a
core
asset.

Meme:
Blue-chip
NFT
mfers
launched its token,
soaring
from
0
to
a
$200
million
market
cap
in
just
12
hours

On
March
30th,
the
founder
of
the
blue-chip
NFT
project
mfers,
sartoshi,
launched
the
token
mfercoin.
In
the
whitepaper,
mfercoin
was
described
as
a
meme
coin
with
no
intrinsic
value,
profit
expectations,
or
prescribed
utility.
80%
of
the
tokens
were
injected
into
the
liquidity
pool,
while
the
remaining
20%
were
airdropped
to
the
mfers
community.

 

The
NFT
project
mfers
was
launched
in
2021,
sparking
a
wave
of
PFP
frenzy
in
the
crypto
community
and
establishing
itself
as
a
well-known
NFT
project.
Following
the
launch
of
mfercoin,
with
the
spontaneous
support
and
dissemination
from
the
community,
it
achieved
a
market
cap
of
$200
million
within
12
hours.
Regarding
the
future
of
mfercoin,
as
stated
by
the
mfers
community, “1$mfer
=
1$mfer”.

The
complete
research
report
spans
33
pages
and
covers
various
topics
including
Meme,
AI,
Solana,
Ethereum,
and
more.
Please
log
in
to

Tide
Capital
to
download
the
full
version
of
the
research
report.

Tide
Capital

Tide
Capital
is
a
research-driven
digital
asset
investment
and
trading
firm.
We
study
macro
and
fundamentals
to
capture
beta
and
alpha
opportunities
from
crypto
waves
to
financial
tides.
Driven
by
value,
we
aim
to
invest
in
early-stage
projects
with
significant
growth
potential.
Concurrently,
we
assess
market
cycles
to
inform
our
investment
decisions,
trading
in
the
public
market
to
achieve
returns.

 

website:
tidecap.com

mail:

[email protected]

twitter:
twitter.com/tidecap

medium:
tidecap.medium.com

 

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information
and
data
presented
in
this
article
are
obtained
from
public
sources,
and
Tide
Capital
makes
no
guarantees
regarding
their
accuracy
and
completeness.
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speculations,
or
opinions
contained
in
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article
are
statements
about
future
events
and
may
differ
significantly
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actual
results
due
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limitations
in
data
timeliness,
assumption
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