🟡This is why Bitcoin could hit $100,000 by 2024, while this meme coin even has 100x potential!🟡

Finally something is moving on the crypto market and the relieved sigh of investors should have been heard from afar. Even when I looked at my depot, I could hardly believe it, Bitcoin has hit a new high for the year and is also pulling Bitcoin Cash with it.

The Litecoin price forecast had already looked so positive, but the halving was probably responsible for that. After all, this is due in about 40 days. Perhaps the first price gains were already the signs of the BTC breakout that we have been waiting for so long.

Reason for Price Jump: BlackRock’s Bitcoin ETF Plans?

Bitcoin reclaims the 30,000 mark and investors react enthusiastically. There are new buying movements on the crypto market, which seemed to be stuck as a pure sideways scenario for a long time. The financial group BlackRock has applied for a Bitcoin ETF in the USA and the signs are good. And this despite the fact that numerous experts assume that there will be no approval.

BlackRock, the world’s largest wealth manager, submitted an application for approval for a Bitcoin ETF on Thursday. Does the company perhaps already know more than is currently known to the public? The exchange-traded fund would act with Coinbase as the custodian. The same crypto exchange that is currently at war with the SEC. So it’s surprising that such an ETF is being applied for at all and then at this critical point in time.

There could be more behind it, she sees that too FAZ so. SEC approval typically takes months, and the regulator isn’t known for being particularly open to crypto investing. The registration statement with the SEC was filed by the law firm of Kelly Hunt & Charles. However, no further comments can be obtained from this site as to what the now planned Bitcoin ETF is all about.

The fact is, however, that BlackRock has sufficient legal and financial know-how not to just make such an application out of the blue. The fact that Coinbase was chosen as the custodian bank may only seem confusing at first glance. After all, Coinbase is the largest crypto exchange in the USA and, from an expert’s point of view, exactly the right partner for such an ETF.

Nevertheless, questions remain as to why the application is being made now and why it was made at all despite the actually poor prospects. Many players in the crypto market see Bitcoin’s recent breakout in the context of this announcement, and their view is actually not entirely out of hand.

Will Bitcoin Erupt Now?

Anyone who deals with the current developments on the crypto market and follows the news regularly knows exactly that the sparrows have been whistling it from the rooftops for a long time: the bulls are back and were just waiting for a signal to take over power.

In the last few weeks we have already been able to follow numerous statistics that claim that there has never been as much mention of a bull run in the crypto market in the last 12 months as there is at present.

Of course, the corresponding reports on the Bitcoin ETF from BlackRock and Coinbase provided a lot of positive energy. But there are other factors that suggest Bitcoin is on the verge of finally breaking out of the clutches of crypto winter 2022. This is our overview:

1. The next Bitcoin Halving will come in 2024 and everyone knows that this will not only lead to a shortage of available BTC on the market, but also to enormous speculative trades. In the past, Bitcoin halvings have always seen large jumps in price, which brought investors high returns. One is already excited to see what the next Bitcoin Halving will bring and gratefully accepts every sign of a bull run.
2. Germans love cryptocurrencies and their share is constantly increasing. A few years ago, bitcoin and other cryptocurrencies were reserved for risk-taking exceptions or financial experts with above-average experience. Now we are on the way to mass adoption. More and more providers are entering the market. The offers are becoming more diverse, which is also shown by BlackRock’s Bitcoin ETF, which will hopefully be available soon.
3. Despite the regulatory frenzy in the US, FOMO is pushing back into the market. People are bored with bank failures, threats of regulation and providers and banks losing customer funds. FOMO shows up at almost every level and on almost every platform. For ongoing crypto pre-sales, there is significant liquidity through FOMO flowing into new coins that could explode in 2023.
4. In Germany, investors can sit back and relax because the SEC is in the USA and therefore far away. We have MiCA, which will provide clear regulatory frameworks from 2024, which means security and transparency. Investors in this country appreciate this and are willing to take new coins into their portfolio with a slightly higher risk. This includes, for example, yPredict and Chimpzee and above all Wall Street memes!
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BTC price high also affects pre-sales

Bitcoin’s new yearly high is like relieving news for all players in the financial markets. The stock market has also been doing well recently, but upward movements in Bitcoin & Co. were eagerly awaited.

Because, as in the past, the upward price change from the number 1 cryptocurrency also had other values ​​with it. This time we are not looking at the altcoins, but at the pre-sales. Above all, a pre-sale must be mentioned here, because the parallels to the Bitcoin soaring cannot be dismissed out of hand. It’s about Wall Street memes!

Wall Street Memes is selling its pre-sales tokens faster than any other comparable project on the market. Over half of the tokens have already gone to private sector investors. We are currently in phase 18 of 30 and the $WSM token costs only $0.0301.

When BlackRock’s plans became known, investor interest rose as rapidly as the Bitcoin price. A total of four pre-sales phases were sold out within a few days.

The automatic increase in value that the developers have integrated into the pricing can be seen in the table above. Anyone who now buys the meme coin’s native utility token in phase 18 will still benefit from an increase in value of around 22% until the token launch.

Conclusion: We see a dynamic crypto market and BlackRock’s announcement of a Bitcoin ETF has provided positive investor sentiment. If it really comes to approval, it could be there before the halving in 2024, which should give the course an additional boost. So a price of $100,000 for 1 BTC in 2024 is not so far-fetched.

But also the meme coin Wall Street memes, who opposes the financial market and its negative effects with sarcastic and ironic memes, now has a say. There are clear parallels between the buoyancy for BTC price and the rapid sell-off of multiple pre-sales stages of $WSM.

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About the author: Stefanie Herrnberger works as a freelance speaker and editor. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and central financial markets. Stefanie has been investing in cryptocurrencies for several years. She understands the challenges and opportunities for crypto traders. Publications: https://de.cryptonews.com/editors/stefanie-herrnberger https://blockchain-technologie.digital/ https://www.facebook.com/groups/cryptonewsde/