Web3 🌒 Saturday Buzz: Bitcoin Halving Jitters, ETF Greenlight, Kiyosaki's Take, and Web3 Gaming
1/ 🚨 Bitcoin Halving: Bitcoin Cash Sends Warning Sign.
2/ ✅ Green Light for Ethereum ETFs in Hong Kong?
3/ 🌟 Kiyosaki Rejects to Spot Bitcoin ETF Investments.
4/ 🎮 Web3 Gaming Handheld Coming from Mysten.
🍀 For further more details, let's keep reading!
As Bitcoin's halving event approaches, excitement for a price surge simmers. However, a recent slump in Bitcoin Cash (BCH) throws a curveball. This newsletter dives into these developments alongside news of potential Bitcoin and Ethereum ETFs in Hong Kong, Robert Kiyosaki's stance on Bitcoin ETFs, and the introduction of a Web3 gaming handheld!
1/ Bitcoin Halving: Bitcoin Cash Sends Warning Sign.
With the halving just around the corner (April 20th, 2024), excitement is high for a potential price surge. But before you get carried away, a recent slump in Bitcoin Cash (BCH) might be cause for caution.
Bitcoin Cash, an offshoot of Bitcoin created in 2017, is often seen as a bellwether for its parent coin. BCH itself just underwent a halving, and its price promptly dropped 15%. This could signal a similar trend for Bitcoin after its own halving. While history suggests halvings are followed by price increases, it might not be immediate. Analysts even predict a sell-off in the short term as miners unload their holdings.
So, what does this mean for you? Don't abandon ship just yet! The long-term outlook for Bitcoin could still be bright. But be prepared for some potential volatility in the coming months following the halving.
[Credit]
Omkar Godbole
2/ Green Light for Ethereum ETFs in Hong Kong?
Hong Kong is expected to approve spot ETFs for Bitcoin and Ethereum as soon as Monday. This regulatory green light, anticipated before the upcoming Bitcoin halving (predicted to boost Bitcoin prices), would mark a significant milestone in the crypto world. While China has cracked down on mining, it seems supportive of blockchain tech. Additionally, compared to the US, several Asian countries like Japan and South Korea are already ahead of the game when it comes to approving crypto ETFs.
[Credit]
Jason Nelson
3/ Kiyosaki Rejects to Spot Bitcoin ETF Investments.
Robert Kiyosaki, the author of Rich Dad Poor Dad, is skeptical of Bitcoin ETFs, preferring direct ownership of Bitcoin over these Wall Street financial products. He believes ETFs are better suited for institutions. However, Kiyosaki aligns with Cathie Wood's bullish prediction on Bitcoin's future, with Wood predicting a price of $2.3 million per token. Despite this optimism, Kiyosaki acknowledges the possibility of the prediction being wrong. Overall, both Kiyosaki and Wood seem to share a belief in Bitcoin's potential.
[Credit]
Jimmy Aki
4/ Web3 Gaming Handheld Coming from Mysten.
Get ready to level up your gaming experience with the Suiplay0x1, a brand new Web3 enabled gaming handheld by Mysten Labs! This innovative device boasts the ability to run multiple app stores simultaneously, giving you ultimate control over your gaming library. Plus, it comes with direct Sui integration, perfect for exploring the exciting world of Sui, a proof-of-stake blockchain project. While the official release date is still under wraps, you can expect to see the Suiplay0x1 hit stores worldwide sometime in 2025.
[Credit]
Sergio Goschenko
The world of cryptocurrency is a whirlwind of innovation and potential volatility. Today's news offered a glimpse into all sides of the market, from the upcoming Bitcoin halving and its possible impact (with a cautionary tale from Bitcoin Cash) to the regulatory green light for ETFs in Hong Kong. While Robert Kiyosaki remain skeptical of certain investment vehicles, the future of gaming takes a leap forward with the introduction of the Web3-enabled Suiplay0x1. Buckle up and stay informed!
Disclaimer: The information provided in this blog post is based on external sources. Please do your own research and due diligence before making any investment or financial decisions based on the content shared here.
