Bitcoin Halving Imminent: Goldman Sachs Warns, Bernstein Backs Miners, Senators Target Stablecoins

full version at en.coinotag

Before you reading,
Don't miss coins like PEPE again! Click here to find new PEPEs!

Bitcoin’s highly-anticipated halving event is days away, sparking market anticipation for a potential rally.
Goldman Sachs urges caution in extrapolating past halving performance amidst today’s unique macroeconomic environment.
Bernstein advocates buying mining stocks like Riot Platforms and CleanSpark, citing their potential to outperform.

Discover the latest developments in the crypto market, including insights on the Bitcoin halving, miner opportunities, and the evolving stablecoin regulatory landscape.

Bitcoin Halving Countdown: Conflicting Perspectives

Bitcoin’s (BTC) halving is less than two days away, cutting the block reward for miners in half. Historically, halvings have been followed by bullish runs, but Goldman Sachs advises that today’s inflation and interest rate pressures create a different backdrop.

Bernstein’s Bullish Stance on Miners

Bernstein sees the current “miner fear factor” as a buying opportunity, recommending Riot Platforms (RIOT) and CleanSpark (CLSK). These miners are expected to benefit from their self-mining hashrate and operational excellence, potentially outperforming even Bitcoin itself.

US Senators Propose Stablecoin Legislation

Senators Cynthia Lummis and Kirsten Gillibrand are introducing a bill focusing on stablecoin regulation. It would mandate reserve and operational requirements, including dedicated subsidiaries for issuance and a focus on dollar-backed stablecoins.

TRUSTED BY COINOTAG,
Did you missed $MEME, $PEPE or Bitcoin? No worries! Click here to sign up chosen altcoin exchange!

Additional Crypto Highlights

Don’t miss Consensus 2024 in Austin, Texas, a premier event for crypto, blockchain, and Web3. **Save 15% using code FM15.**

AR' YA WINNING SON?
Don't miss Solana Tokens and BRC-20 Tokens! Click here to find new AI coins!

Market Insight: DePIN’s Potential

Venture capitalists are excited about decentralized physical infrastructure networks (DePIN). Projects like Helium and Filecoin could bridge blockchain technology with real-world use cases, potentially reaching billions of users.

Conclusion

The Bitcoin halving is a pivotal moment, with market watchers divided on its immediate impact. Bernstein’s optimism on miners highlights potential investment avenues, while the stablecoin bill indicates ongoing regulatory scrutiny. The DePIN trend offers a glimpse into the future of blockchain applications.