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Cryptocurrency News Articles
The Crypto Market Is Poised for Serious Price Gains Over the Next Year or Two. Here's How to Invest
Sep 28, 2024 at 09:07 pm
The crypto market is poised for serious price gains over the next year or two. In particular, many investors look forward to a significant price jump for
The cryptocurrency market is expected to see significant price increases over the next one to two years. In particular, many investors are anticipating a substantial price jump for Bitcoin (CRYPTO:BTC) (-0.21%).
But the oldest and largest cryptocurrency already trades at around $65,000 per coin. You can buy a very small fraction of a full Bitcoin, but the digital currency itself seems overwhelmingly expensive.
Well, what if I told you there are other ways to make Bitcoin investments, where the price per unit is a more manageable $37 today?
I'm talking about the iShares Bitcoin Trust ETF (NYSE:IBIT) (1.49%). This is the most popular exchange-traded fund (ETF) that holds a basket of actual Bitcoin. Its price moves up and down in lockstep with Bitcoin itself, making the ETF a pretty direct way to invest in cryptocurrency. And it should be much easier to wrap your head around the ETF's modest share prices.
Benefits of Bitcoin ETFsThe ETF structure offers many benefits, but the low price is often overlooked.
And then there's the low price of entry. You can buy one hundred-millionth of a Bitcoin, worth a small fraction of a cent today, but it just makes more sense to deal with whole investment units at reasonable prices. The iShares fund sits in that Goldilocks range, below $100 per share and high above the dreaded penny-stock area.
If Bitcoin prices skyrocket some fine day, iShares could split its ETF shares much like companies split their stocks. So the price will likely stay at a comfortable level as long as the fund exists. In a world where Bitcoin's price soars to $1,000,000 per coin, as some bullish investors expect, the iShares ETF would naturally rise to roughly $570 per share. A quick 10-for-1 split would bring it back down to the sub-$100 arena.
What a $40 iShares Bitcoin Trust ETF would meanIn other words, spot Bitcoin ETFs such as the iShares option will probably always offer a lower-priced method to invest in Bitcoin. The underlying digital currency's actual price doesn't make a difference -- investors only care about the direction and distance of its long-term pricing trend.
In the current market, a $40 price target for the iShares Bitcoin Trust ETF works out to a Bitcoin price near $70,100 per coin. Either way, that's about 7% above the fund's and cryptocurrency's present prices.
I can't promise that those prices will soar in 2025. Cryptocurrencies are too volatile and unpredictable for that kind of talk. But the cryptocurrency recently executed its fourth halving of mining rewards, and the first three all led up to soaring Bitcoin prices in the next year or two. And for the commonly discussed reasons listed earlier, the availability of spot Bitcoin ETFs could add more fuel to this halving cycle's market fires.
So I wouldn't be surprised to see the iShares Bitcoin Trust ETF rise to $60 or even $80 per share in 2025. That's the equivalent of Bitcoin price targets in the $100,000 to $130,000 range -- served in more manageable bite sizes.
I see Bitcoin as a reasonable addition to any long-term investment portfolio nowadays, and the iShares fund makes it easy to take that first step into the crypto sector.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Ronin Network: 8-Year Staking Plan Promotes Long-Term Network Growth
- Sep 29, 2024 at 12:25 am
- The Ronin Network has devised an 8-year staking rewards plan to strengthen its standing and encourage ongoing involvement.
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- Worldcoin Price Prediction: WLD Set to Skyrocket by 50% as Bulls Regain Control
- Sep 29, 2024 at 12:25 am
- The Worldcoin price had made a huge noise within the markets as it broke above the descending pattern. While the market participants believed the token reached $3 without any bearish interference, the token began to consolidate around a narrow range.
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- RCO Finance (RCOF): A Promising Alternative to Cardano (ADA)
- Sep 29, 2024 at 12:25 am
- While the market is experiencing a major resurgence, with Bitcoin hitting $65,000, Cardano investors have faced a different reality. This token hasn’t surged as many expected
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- Bitgert vs Altlayer Coin: Which Is the Better Investment?
- Sep 29, 2024 at 12:25 am
- The cryptocurrency market, with a bull run on the way, is looking great for investors right now. Bitcoin has hit the $65K mark and altcoins are also showing potential for growth.
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- This Week in Crypto Venture Capital: Celestia Foundation Raises $100M, Infinex Secures $65.29M From NFT Sale
- Sep 29, 2024 at 12:25 am
- In this week's venture capital update, more than $253 million flowed into the crypto startup world, although the bulk of that funding went to the blockchain network Celestia Foundation.
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- Neuraswap: Transforming AI Data Tokenization and Decentralized Trading
- Sep 29, 2024 at 12:25 am
- In an exciting collaboration, GPT Protocol has joined forces with ApeBond to introduce the first-ever AI-focused decentralized exchange (DEX)
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- BONK and UNIT Surge Amid Market Activity Boost, RWA Tokenization Gains Traction
- Sep 29, 2024 at 12:25 am
- BONK has experienced a 5.70% surge over the last 24 hours trading at $0.000020. With a 24-hour trading volume of $181.6 million, BONK has captured attention
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- BlockDAG Emerges as a Potential Leader in the Crypto Landscape for 2024, as XRP and Polygon Encounter Hurdles
- Sep 29, 2024 at 12:25 am
- In the world of cryptocurrencies, XRP and Polygon are encountering significant hurdles. Over the past year, Polygon’s market performance has dipped significantly, largely due to its role as a scaling solution for Ethereum.
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- Why TAO (Bittensor) Holders Are Now Switching to Bitgert (BRISE)
- Sep 29, 2024 at 12:20 am
- With the crypto space maturing, TAO (Bittensor) investors are now looking for projects that can provide greater value in the long run.