Why this influencer thinks what follows the 2024 Bitcoin halving will blow people’s minds
With the bear market deepening and causing ups and downs in the Bitcoin market every now and then, the amalgamation of key adoption news to come to the conclusion that perhaps the bear season was a distraction after all is something that is often overlooked.
On March 4th, prominent crypto YouTuber and influencer Lark Davis decided to think outside the box to break down all major enterprise adoption to back up his belief that what could happen after 2024 Bitcoin (BTC) halving “will blow people’s minds.”
Increasing Corporate Crypto Adoption
Lark Davis, in a series of tweets published on March 4, not only tried to make a point about the bear market, but also made a list of key adoptions to support the point.
For starters, the Influencer tweeted: “Don’t let the bear market fool you. Corporate crypto adoption is happening. Some big players are making some serious moves.”
According to Davis, with these major companies making an entry into the crypto industry, what could follow 2024 BTC halving can be beyond all expectations. New No. 1 on Davis’ big players list of crypto adoption is BlackRock, the world’s largest asset manager overseeing up to $10 trillion in Assets Under Management (AUM).
According to Davis, BlackRock launched a private spot bitcoin fund next to a cooperation with one of the largest cryptocurrency exchanges Coinbase to launch its own BTC trading service. The crypto YouTuber thinks this is a signal to accumulate Bitcoin as he said: “Stable Sats before these guys do.”
Davis further mentioned Mastercard’s partnership with immersive, a crypto payment protocol, to allow Web3 wallet owners in Australia and New Zealand to use crypto as a payment method anywhere Mastercard is accepted. The YouTuber tweeted: “Mastercard simply refuses to be left in DeFi’s dust.”
In third place on Davis’ list is none other than Mastercard’s direct competitor Visa. The influencer reflected on Visa working closely with WirexApp, another crypto payment app, to expand its crypto-linked debit card worldwide, including to US customers, Asia-Pacific and UK markets, as well as to another 40 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. Other major adoptions Influencer highlighted included Nike and Starbucks’ collaboration with Polygon as well Amazon with Avalanche, Microsoft with Ankr, TencentGlobal with MultiversX and Meta with Telefonica to launch a Metaverse activation program.
2024 BTC Halving, What to Expect
Besides Davis’s breakdown of why Bitcoin halving may affect more than expected, the BTC halving has since been an update that both Bitcoin Maxi and the crypto community as a whole have been waiting for as they hope this could be a good enough catalyst to propel us out of this bear market nightmare.
In accordance Pantera capitalthe next Bitcoin halving is expected to happen on April 20, 2024. And while the market on average peaks 1.3 years after the halving, if history were to repeat itself, the next BTC halving could result in a BTC spike to $36,000 right before the halving and a peak of $149,000 after the halving.
Meanwhile, with the halving still well ahead, BTC has continued to suffer from a downward trend following several negative news in the industry, including the fallout of US-based crypto-friendly bank Silvergate. Over the past 7 days, BTC has fallen almost 5%.
The crypto-asset has fallen from a one-month high of $25,000 to trade at a price of $22,459 at the time of writing, down 0.1% in the last 24 hours.
Featured image from Unsplash, chart from TradingView.
