What’s next for Bitcoin? ETFs, AI and tech trees

Bitcoin is the most important cryptocurrency in the world, adopted by investors from all over the globe. It is also a marker for the health of the digital asset market, and the general rule is that if BTC is doing well, then the rest of the market will perform adequately as a result. Similarly, if Bitcoin is struggling, the larger blockchain finance environment will also suffer.

Over the past year, Bitcoin has been dealing with many challenges owing to its consistently low price points. As a result, many investors want to know what they can expect from the marketplace moving forward to create a strategy that can show better returns. And since the crypto environment changes so quickly and there are so many things you should take into account, here are some of the most critical aspects shaping the world of cryptocurrencies at the moment.

The tech tree 

Many analysts believe that Bitcoin is the next and most logical step in the fight against corruption and the creation of systems, institutions and enterprises that are free from centralized control and not vulnerable to the possible failures that impact traditional systems. The idea would be to create a global currency, an essential part of technological and financial evolution.

More and more people are using services such as Coinrule to get digital money into their portfolios. Catching up with the market can be challenging in such a competitive and ever-evolving environment, which is why many require help, especially if they’re new to the market. There are also concerns regarding the introduction of digital currencies that are backed by central banks.

As processes are increasingly moving towards digitalization, creating the tools necessary to fight illicit or fraudulent activities is crucial. And while there’s still lingering skepticism concerning the crypto industry, many believe that this won’t be a hindrance in the way towards implementing blockchain tech. In the same context, there are analysts who view the development of regulatory frameworks as a legitimate war against crypto.

Debit cards 

Even though digital money offers several advantages compared to fiat currencies, there are still many who believe the relative lack of accessibility is a disservice crypto brings onto itself. A leading exchange recently declared that it seeks to change that and switch to making crypto use more convenient for users.

A growing number of companies have started using crypto payments, giving customers the chance to use their Bitcoin when paying for products and services they use on a daily basis. A debit card would speed up crypto adoption and serve as an incentive for those that are still on the fence about whether Bitcoin is worth it or not. The main advantage of this feature would be that shoppers will no longer need to convert their crypto but can instead make payments directly.

Expanding the practicality and use cases of crypto will be a beneficial move and make it less of an abstract concept and more of a real, tangible thing that provides actual benefits. The Bitcoin debit card would be mainly similar to the well-known banking tool, allowing users to withdraw or convert their funds via the use of a particular account. Mobile and PC apps would provide additional functionality and accessibility, making the entire process completely free of any hassle or issues.

ETFs 

Investors are looking for the best crypto trading bot that can help them take their endeavors to the next level. These are the same individuals who are eagerly awaiting the Bitcoin ETF approval, which is likely to only arrive around the beginning of 2024. This development would take the marketplace further than it has ever been before and provide those who don’t own crypto but want to take part in the marketplace with the chance to become involved.

The SEC has previously claimed that the BYC market environment is neither large enough nor sufficiently robust to adequately sustain the demand for ETFs. The levels of trading surveillance were also found to be lacking, while the price volatility offered the authorities no confidence. In this sense, the Securities and Exchange Commission believes the market could become prone to manipulation and fraudulent activities.

AI

Artificial intelligence is a highly polarizing subject. Some people love it and see nothing else in it than the potential for development, while others are more suspicious of it and believe that, if used irresponsibly, it could do more harm than good. One thing is for sure. However, many want to pair it with existing systems of other technologies to see how that goes.

One of the companies that would like to set such a plan in motion is Tesla, whose Q3 earning levels have revealed lower levels. The company is set to start implementing artificial intelligence into its procedures, convinced that using both AI and the blockchain will help remedy the situation.

NFT plans 

Portuguese professional footballer Cristiano Ronaldo agreed to undergo a lie detector test at the beginning of September, during which he was asked numerous questions on various topics. Apart from those concerning his career and football in general, Ronaldo also answered questions about non-fungible tokens. Among them were several about his partnership with a well-known crypto exchange to release an extensive NFT collection launched in June.

The purpose of these NFTs was to celebrate Ronaldo’s reputation as the highest goal scorer in football. The NFTs allow fans exclusive opportunities. His first NFT collection was released in 2022, the year when he signed a multiyear partnership with the same exchange. The purpose of the collaboration is to introduce Web3 to sports fans from all over the world through the means of different campaigns.

Owing to Ronaldo’s popularity, it is plain to see why attaching his name to the venture means more people will want to try it themselves.

Although the crypto environment still has some hurdles down the road that it must overcome, investors remain committed. Make sure to avoid rushing into any endeavor at the moment, and weigh all your options carefully before buying or selling.

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