Bitcoin’s continuous surge to new all-time highs is no longer surprising, as it marked another significant milestone yesterday. The event sparked a flurry of reactions, from investment advice to concerns about a potential liquidity crisis. It has also raised some thought-provoking questions: Is the four-year cycle of Bitcoin coming to an end? Could U.S. President Joe Biden’s proposed 30% crypto mining tax impact the industry in the United States? What makes this halving event unique? This is a pivotal moment in the Bitcoin market — and this is a big episode!
Further reading:
- Bitcoin at $71K, same as $20K last cycle — BTC price analysis
- Large corporations, major wirehouses gearing up to buy Bitcoin: Bitwise
- Bitcoin has 6 months until ETF ‘liquidity crisis’ — New analysis
- Bitcoin buying advised as US enters the ‘looting-the-treasury phase’
- Biden resurrects 30% crypto mining tax in new budget proposal
- Bitcoin halving: What’s different this time around?
- Bitcoin is more of a ‘billion-dollar building in cyberspace,’ argues Saylor
So, grab yourself a coffee, and let’s get into it!