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🌟 201 Days to Bitcoin ATH?

🌟 201 Days to Bitcoin ATH?

SEC gives green light to Bitwise ETF

Jane Lee
January 30, 2025

If you’ve ever had a friend who keeps saying “tomorrow” but never follows through, that’s the vibe after the Fed’s latest press conference.

Here’s what we got for you today:

🔁 Fed Press Conference Recap
🌟 201 Days Until Bitcoin Hits Its Next All-Time H …
⭐ Top Highlight in Crypto Today
💰 Cardano (Ada): The Blockchain That Means Busine …
🤡 Meme Of The Day

🔁 Fed Press Conference Recap

If you’ve ever had that friend who keeps promising to pay you back “tomorrow,” but somehow that “tomorrow” never comes – you know the feeling of frustration that builds up. At first, you’re cool with it – it’s just a little cash, right? But after the 15th time, you start wondering if it’ll ever happen.

Well, that’s kind of what we’re dealing with here after the Fed’s latest press conference.

Let’s start with the good news – the “Oh hey, we’re on track” part of the story:

Inflation is still high. Yup, the Fed made it crystal clear – inflation is “quite high” and they’re not ready to rush into cutting rates just yet. After three rate cuts leading into 2024, the Fed’s playing it cautious, waiting for solid progress on inflation or signs of a weakening job market before they make any big moves. They’re still all about that 2% inflation target.

And speaking of rates, the policy-setting Federal Open Market Committee kept a steady hand on interest rates, sticking to its target range of 4.25% to 4.50%. This comes after those three consecutive rate cuts last year – so they’re definitely taking their time before making any further adjustments.

So, yeah, we can breathe easy – no drastic moves for now. Right?

But then – just like your friend promising to pay you back “tomorrow” – here comes the twist:

Chairman Jerome Powell made it clear that the Fed doesn’t have a set timeline for rate cuts. They’re waiting for real progress, not just some vague hope. Inflation’s high, the labor market’s holding strong, and no, they’re not going to cut rates just because people are asking. Patience is key here.

And then… we get to the wild card: Tariffs. Powell admitted the impact of tariffs on the economy is still a total mystery. He’s like, “We don’t even know how big of a deal this could be yet,” which doesn’t exactly inspire confidence.

And finally, Powell’s big “Yeah, we’re not talking” moment – he hasn’t had any chats with Trump. Despite Trump’s constant calls for rate cuts, Powell’s keeping it professional and calling Trump’s remarks “inappropriate.” No games here.

Now, how did the market react?

Surprise – not much in the way of optimism. Stocks didn’t love the message, and CME data’s betting that the first possible rate cut won’t come until June. Meanwhile, Bitcoin? That guy’s still chill, staying strong above $100,000, like it’s no big deal.

So, yeah, nothing groundbreaking, but some serious wait and see vibes.

🌟 201 Days Until Bitcoin Hits Its Next All-Time High?

The idea of a four-year cycle in crypto, driven by Bitcoin’s halving events, has been historically accurate. But is the pattern still holding in 2024?

Past Bitcoin Cycles & Peaks

1️⃣ First Cycle (2012 Halving): Bitcoin surged nearly 100x after the halving.

2️⃣ Second Cycle (2016 Halving): BTC increased 30x in 540 days before entering a long bear market.

3️⃣ Third Cycle (2020 Halving): Bitcoin jumped 89x, peaking in 2021 with two major highs.

Current Cycle (2024 Halving) - What’s Different?

Based on historical data, Bitcoin’s peak tends to occur 480,000 blocks (~18 months) after the halving. Right now, we are 279 days in, suggesting the next major peak could be around 201 days from now (Summer 2024).

Key Observations in This Cycle

✅ Bitcoin searches on Google are rising again, indicating renewed retail interest.

✅ Institutional investors and governments are increasingly adopting Bitcoin.

✅ Unlike past cycles, Bitcoin has maintained higher price levels post-halving.

What to Expect Next?

If the historical pattern holds, Bitcoin may reach a new all-time high by mid-2024.
Altcoins tend to surge after Bitcoin peaks, meaning an altseason could follow.
Some analysts predict this cycle could be longer, with more sustained growth rather than sharp spikes.

Final Thoughts

History doesn’t always repeat exactly, but it often rhymes. While Bitcoin’s price trajectory remains uncertain, past cycles suggest we are approaching a critical period. Will we see another record-breaking peak?

⭐ Top Highlight in Crypto Today

🚨 Texas is pushing for a Bitcoin Reserve in 2025! Lieutenant Governor 🇺🇸 Dan Patrick says it’s a top legislative priority. The move aims to modernize finances, boost growth, and fight inflation.

🚗 Tesla’s new accounting rules let it value Bitcoin at market price each quarter. By the end of 2024, its Bitcoin holdings shot up from $184M to $1.076B!

💬 Christine Lagarde, President of the European Central Bank, thinks Bitcoin won’t make it into the EU’s reserves. She even talked the Central Bank of the Czech Republic out of creating a Bitcoin reserve fund.

But, we are pretty sure Bitcoin will outlast Lagarde’s time at the ECB. Maybe instead of convincing countries, she should start by convincing her son – who’s a Bitcoin investor.

🧐 Michael Saylor just made the cover of Forbes as the “Bitcoin Alchemist”… and now we are starting to worry. After all, we all know what’s happened to some people after making it to that cover.

🚨 The SEC just gave the green light to Bitwise’s Bitcoin and Ethereum ETF! Now, investors can get exposure to both Bitcoin (BTC) and Ethereum (ETH), weighted by market cap.

💡 The Central Bank of the Czech Republic (CNB) is now considering adding new asset classes to its national reserves. Governor Aleš Michl suggested this move as part of a diversification strategy to explore potential benefits.

💰 Cardano (Ada): The Blockchain That Means Business

You’ve heard of Bitcoin. You’ve heard of Ethereum. But what about Cardano? If you’re sleeping on ADA, it’s time to wake up.

Cardano is a public blockchain platform that lets people send transactions peer-to-peer using its native crypto, ADA. It launched in 2017, backed by Charles Hoskinson, one of Ethereum’s co-founders, and is named after the legendary mathematician Gerolamo Cardano. The ADA token? A tribute to Ada Lovelace, the OG computer programmer of the 19th century.

What Makes Cardano Different?

Cardano isn’t your average blockchain. It takes a research-first approach, meaning every major update goes through peer-reviewed academic research before going live. It’s designed to be stable, secure, and scalable—avoiding the pitfalls that other chains have faced.

It runs on Ouroboros, a proof-of-stake (PoS) system that’s far more energy-efficient than Bitcoin’s proof-of-work (PoW). And while Ethereum is still making its slow transition to PoS, Cardano has been rocking it from day one.

Cardano Vs. Ethereum: Which One’s Better? 🥊

Ethereum and Cardano are among the leading blockchain projects in the cryptocurrency world. Both projects aim to advance the future of finance by providing blockchains that are compatible with Smart Contracts. However, each project has a different approach to achieving this goal.

Ethereum: The First-Mover

✅ Launched Smart Contracts First → Biggest Ecosystem

✅ Started With Proof Of Work (PoW) → Switched To Proof Of Stake (PoS) In 2022 For Better Scalability & Lower Energy Use

❌ Still Has Higher Fees And Network Congestion

Cardano: The Challenger

✅ Built On PoS From Day One → Faster, Cheaper, And Eco-Friendly

✅ Highly Scalable And Low-Cost Transactions

❌ Fewer dApps And Slower Adoption Vs. Ethereum

Who Wins?

Ethereum = More Adoption, Bigger Ecosystem
Cardano = More Efficient, Better Scalability

Cardano’s Development Phases

Cardano isn’t standing still—it’s evolving through five major phases, each named after famous figures in poetry and computer science:

Byron (2017-2020): Laid the foundation for the blockchain.
Shelley (2020-2021): Brought decentralization.
Goguen (2021): Introduced smart contracts.
Basho (2021-Present): Focuses on scalability.
Voltaire (Upcoming): Will enable governance and treasury management.

Why Cardano Could Be Huge

Cardano is one of the biggest PoS blockchains out there. And while Ethereum is slowly shifting gears, Cardano is already miles ahead.

Every update goes through rigorous peer review, so it doesn’t break mid-flight. That’s why Cardano is built to last.

Shelley Upgrade (2020): Cardano aimed to be 50-100 times more decentralized than competitors. Hoskinson said this would lead to hundreds of assets running on Cardano.
Alonzo Hard Fork (2021): Opened the doors for smart contracts and DApps—pushing ADA to its all-time high of $3.101 on Sept. 2, 2021.
Ecosystem Growth: DeFi, NFTs, gaming—you name it. Cardano is building across multiple industries.

Cardano Ecosystem: What’s Cooking?

The Cardano ecosystem is packed with DeFi protocols, NFT projects, games, and dev tools. Here’s a quick tour:

DeFi

DEXs: Platforms like Minswap allow peer-to-peer trading without intermediaries.
Lending & Borrowing: Cardano-based services let you lend or borrow decentralized style.

NFTs: Marketplaces: Platforms like AdaMakers help users create, buy, and sell digital collectibles.

Gaming: Blockchain Games: Projects like EpicApes integrate gaming with crypto rewards.

Infrastructure & Dev Tools - Dev Hub: A one-stop shop for building on Cardano.

Governance & Community: Decentralized decision-making is coming with Voltaire.

Ada: More Than Just A Token

ADA isn’t just for trading—it’s got real utility in the Cardano ecosystem:

Transaction Fees – Powering the network.
Staking Rewards – Earn passive income by securing the network.
Governance – Vote on proposals and shape Cardano’s future.
Smart Contracts & DApps – Fueling decentralized applications.
Digital Payments – Peer-to-peer transactions without a middleman.

How Cardano Handles Transaction Fees

Unlike Ethereum’s wild gas fees, Cardano keeps things predictable. Fees are calculated like this:

Fee = a * size(tx) + b

Where:

a = 0.155381 ADA
b = 0.000043946 ADA/byte
size(tx) = transaction size in bytes

For a 200-byte transaction, the fee comes out to 0.164271 ADA ($0.10, depending on market prices).

Cardano’s Latest Updates (As Of Jan 30, 2025)

🚀 Plomin Hard Fork: Cardano just rolled out the Plomin Hard Fork, bringing huge governance upgrades.

CIP-1694 activated: ADA holders now vote on proposals.
DReps & SPO voting: More decentralized decision-making.
New staking rules: Only DRep-delegated accounts earn rewards.

📊 98,000+ ADA Holders & 3,000+ Stake Pools: Cardano is more decentralized than ever!

Cardano Goes Mainstream: Investment Funds & Etps

Major funds are now holding ADA:

21Shares Cardano ETP (AADA) – A fully backed ADA ETP for institutional investors.
ETC Group Physical Cardano ETC – A regulated investment product.
Grayscale Digital Large Cap Fund – ADA included in Grayscale’s big league fund.
Bitwise 10 Crypto Index Fund – ADA is now part of Bitwise’s crypto ETF application.

Final Thoughts: Cardano, The Underdog?

Crypto loves hype cycles, and Cardano is the chain that’s always doubted until it isn’t. With major governance upgrades, a maturing DeFi ecosystem, and institutions quietly adding Ada to their portfolios, the slow and steady approach might just win the race.

Will 2025 be the year Ada finally gets the respect it deserves? Time will tell. But one thing’s for sure – Cardano isn’t going anywhere. 🚀

🤡 Meme Of The Day