BTC at 45k, Hive at 38 cents, has the bull run begun?

2024 will be epic

We are only January 2nd and Bitcoin has reached its highest price in 2 years. Today Bitcoin has reached 45000 USD, and at the same time Hive jumped to 38 cents again.

I had not expected it to start this fast, but in my opinion the next bull run has gotten some rocket fuel. From here on things could be going pretty fast. 50k Bitcoin could be reached in a matter of weeks. And who knows what levels Hive could reach…

The situation is getting very interesting, interest rates are dropping very fast, which makes saving a lot less interesting. TINA is back! There Is No Alternative is back! Risk on assets asnre getting a lot more interesting, which makes crypto stand in the picture again, together with the stock market.

Anx the there is the halving, the bitcoin ETF’s, both situations are creating a squeeze for Bitcoin which will only become tighter every single day we come closer to both events!

This all will have an effect on the price of altcoins like Hive, as there are just too little bitcoin to be bought on the market, and altcoins will become the second best alternative!

This all put together is the perfect mix for a massive rise in crypto prices!

Have a great 2024!

Sincerely,

Pele23



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4 comments
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HIVE must hike above $0.50 in a short-term as we have waited alot at $0.3X.

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This could indeed move very fast, especially if the planned events start lining up one after the other.

Have a wonderful 2024!

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Until these ETFs are approved we can't tell if the bull run has started or if there is still time to go.

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