Why This Influencer Believes What Follows 2024 Bitcoin Halving Will Blow People’s Minds
With the bear market deepening and causing ups and downs in the Bitcoin market from time to time, the gathering of significant adoption news to come to the conclusion that perhaps the bear season was a distraction after all is something many is sometimes forgotten.
On March 4, prominent crypto Youtuber and influencer Lark Davis decided to think outside the box to separate all major enterprise adoptions in order to support his belief that what could happen after the 2024 crash Half of Bitcoin (BTC) “It will surprise people.”
Increasing adoption of enterprise cryptocurrencies
Lark Davis, in a series of tweets published on March 4, not only tried to emphasize the bear market, but also listed key adoptions to back up the argument.
For starters, the influencer tweeted: “Don’t be fooled by the bear market. Corporate cryptocurrency adoption is happening. Some big players are making some serious moves.”
According to Davis, with these big companies entering the crypto industry, what could follow the BTC halving in 2024 could be beyond expectation. The No. 1 emerging on Davis’ list of cryptocurrency adoption by major players is BlackRock, the world’s largest asset manager, overseeing up to $10 trillion in Asset Under Management (AUM).
According to Davis, BlackRock launched a private spot bitcoin fund beside a collaboration with one of the largest cryptocurrency exchanges Coinbase to launch its own BTC trading service. Crypto Youtuber believes this is a signal to hoard Bitcoin, as he stated, “Stack your Sats before these guys do.”
Davis further mentioned Mastercard’s partnership with Immersive, a cryptographic payment protocol, to enable Web3 wallet owners in Australia and New Zealand to use crypto as a payment method everywhere Mastercard is accepted. The Youtuber tweeted: “Mastercard refuses to be left in the DeFi dust.”
Third on Davis’ list is none other than Visa, a direct competitor to Mastercard. The influencer reflected on Visa working closely with WirexApp, another crypto payment app, to expand its crypto-linked debit card worldwide, including customers in the US, Asia Pacific and UK markets, as well like 40 other countries in the future, according to Davis.
Meta’s integration with Polygon to support Instagram’s non-fungible token (NFT) feature was also found on the list. Another key adoption the influencer highlighted included Nike and Starbucks’ collaboration with Polygon, as well as Amazon with Avalanche, Microsoft with Ankr, TencentGlobal with MultiversX and Meta with Telefonica to launch a Metaverse activation program.
BTC halving in 2024, what to expect
In addition to Davis’ breakdown on why the bitcoin halving could impact more than expected, the BTC halving since then has been an update that both Bitcoin Maxi and the crypto community as a whole have been anticipating as they are hoping that this could be a good enough catalyst to get us out of this nightmare of the bear market.
According to panther capitalThe next Bitcoin halving is expected to take place on April 20, 2024. And although, on average, the market peaks 1.3 years after the halving, if history repeats itself, the next BTC halving could result in a rise of BTC to $36,000 just before the halving and a rise to $149,000 after the halving.
Meanwhile, with the halving still far ahead, BTC continued to see a bearish trend following several negative industry news, including the fallout from US-based cryptocurrency-friendly bank Silvergate. In the last 7 days, BTC has plummeted by almost 5%.
The cryptocurrency has dropped from a one-month high of $25,000 to trade at a price of $22,459 at the time of writing, down 0.1% over the last 24 hours.
Unsplash featured image, TradingView chart.