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Cryptocurrency News Articles

Bitcoin (BTC) Supply Crunch Brewing As $150K Looks Inevitable; Rollblock (RBLK) to Benefit the Most

Dec 22, 2024 at 07:00 pm

There are signs that Bitcoin may soon undergo a stunning supply squeeze and reach up to $150k. This is due to the unprecedented demand that the Bitcoin

Bitcoin (BTC) Supply Crunch Brewing As $150K Looks Inevitable; Rollblock (RBLK) to Benefit the Most

There are signs that Bitcoin may soon undergo a stunning supply squeeze and reach up to $150k. This is due to the unprecedented demand that the Bitcoin market currently faces.

The current crypto crash will likely represent an incredible ‘buy the dip’ opportunity for investors looking to make stunning gains in 2025. Here’s why.

Bitcoin (BTC) Supply Crunch Brewing As $150K Looks Inevitable

Bitcoin recently peaked at a new high above $108K. This rally was short-lived, however, as Jerome Powell of the Federal Reserve hinted at a slowdown of further rate cuts next year. This sent all markets into a sell-off, including BTC. Bitcoin fell rapidly to $92.3K as over $900 million was liquidated from the Bitcoin market and heavy outflows were recorded from the spot Bitcoin ETFs.

Crypto analysts are confident that a coming supply crunch could see Bitcoin reach price discovery as high as $150k in the short term. This is due to the incredible scarcity of the Bitcoin supply, as recently miners have been accumulating rather than selling their stack of Bitcoin.

There has also been heavy buying pressure from MicroStrategy, which has spent over $17.5 billion buying BTC in the past 2 months. If Bitcoin can flip the $100K level to support, then a massively bullish supply crunch will send its price at least 50% from its current level of $97K. The balance of BTC on exchanges recently fell to a new low as only 2.53 million coins are currently available for sale.

Top Altcoin Rollblock to Benefit Most From Bitcoin at $150,000

Of all the top altcoins positioned to benefit from a skyrocketing Bitcoin price, Rollblock stands to benefit the most. This GambleFi protocol is poised to explode into the $500 billion casino industry in 2025, with its crypto presale selling out fast.

Rollblock has spent the past few weeks putting the final touches on its platform. This platform now includes over 7,000 of the industry’s top casino games and sports betting odds on practically every event from around the globe.

Rollblock also secured a CoinMarketCap listing and a gaming license in the prestigious Anjouan jurisdiction. These milestones mean that Rollblock is now a vetted and verified token that has met every standard for security, safety and transparency in the industry.

Players can access the platform with over 20 major cryptocurrencies making it easily accessible. Unlike traditional platforms rife with unfair play, Rollblock uses blockchain technology to make all bets irrefutable.

Aside from its casino offerings players can also enjoy passive income opportunities through the project’s revenue share model. On a weekly basis Rollblock uses up to 30% of its casino revenue to repurchase RBLK tokens. 60% of these tokens are then burned to make RBLK deflationary. The remaining 40% is used for staking rewards, giving investors the opportunity to earn huge returns.

Rollblock and Bitcoin Deliver Digital Scarcity As Demand Ramps Up

If Bitcoin’s price increases to $150,000 the RBLK’s price is expected to increase over 10,000% from its current $0.043. This massive short squeeze in Bitcoin is poised to occur just as Rollblock’s presale blazes through its three remaining stages with analysts anticipating huge returns. Rollblock will likely outperform as experts forecast phenomenal 50x returns from the current price.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

News source:finbold.com

Disclaimer:info@kdj.com

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Other articles published on Dec 23, 2024