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3 reasons BTC is up 🙌

From

bitcoinira.com

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info@email.bitcoinira.com

Sent On

Fri, May 3, 2024 05:00 PM

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This week’s 10% price dip may have had you on pins and needles, while our more seasoned BTC inv

This week’s 10% price dip may have had you on pins and needles, while our more seasoned BTC investors took the opportunity to buy the $57k dip. BTC’s price jumped back above $61k this morning, but why? Here are 3 likely factors fueling the surge… This week’s 10% price dip may have had you on pins and needles, while our more seasoned BTC investors took the opportunity to buy the $57k dip. BTC’s price jumped back above $61k this morning, but why? Here are 3 likely factors fueling the surge… [BitcoinIRA]( [Earn up to $500 in rewards*]( Why is BTC’s price surging? Hi , If you're new to crypto investing, the recent 10% BTC price dip may have been nerve-wracking. Meanwhile, seasoned investors seized the opportunity to buy the $57k dip. Although we can’t say why for sure, with the ETF frenzy in its first cooling phase and the fourth Halving event a mere 2 weeks behind us, they’re both likely contributors to the dip. Historically, BTC's price has peaked 12 to 18 months after each halving, accompanied by expected volatility. BTC's price rebounded above $61k this morning, but why? Here are 3 likely factors fueling the surge: - Inflation Worries: Long-term investors turn to [BTC as a safe haven]( amidst inflation concerns. - Rising M2 Money Supply: Increased liquidity has also typically encouraged investors to seek inflationary hedges like BTC. - Non-Farm Payroll (NFP) report: Anticipation of today’s positive job data suggests market optimism. If BitMex co-founder Arthur Hayes is correct, BTC may have hit its local bottom and could be in the clear for smooth sailing moving forward. But don’t be surprised if there are a few more stormy days along the road to BTC’s next all-time high. Happy investing, The BitcoinIRA Team [FINISH ACCOUNT]( [Bitgo]( SECURITY IS OUR #1 PRIORITY Protect your retirement investment with the most secure method of storing digital assets: multi-signature wallet technology1, available through our exclusive partner BitGo. [Read more]( [footer facebook]( [footer twitter]( [footer youtube]( [footer linkedin]( [footer instagram]( [About Us]( · [News]( · [Contact]( [BMA 2022 Best Mobile App ][2022 Globee Mobile Web & App of the Year] Download our award-winning mobile app: [Download for iOS on the App Store]( [Download for Android on Google Play]( Bitcoin IRA, 7336 W. Post Rd, #111 | Las Vegas, NV 1 Storage may vary based on asset chosen and custody solution available. Alternative IRA Services, LLC dba Bitcoin IRA is a platform that connects consumers to qualified custodians, digital wallets and cryptocurrency exchanges. The company is not a custodian, is not a digital wallet and is not an exchange. Self-directed purchases processed through Bitcoin IRA have not been endorsed by the IRS or any government or regulatory agency. Bitcoin IRA is not an adviser. Information contained on this website is for educational purposes only. We encourage you to consult an adviser or professional to determine whether Bitcoin IRA makes sense for you. Due to market variations, price quotations and predictions are subject to change. No pricing guarantees are expressed or implied. All information contained here including quoted prices are for informational purposes only and do not constitute an offer. Cryptocurrencies are very speculative and involve a high degree of risk. By using the website, you understand the information being presented is provided for informational purposes only and agree to comply with our Terms of Use and Privacy Policy. [Unsubscribe](

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